News: Financial Digest

Jewett Construction Co. begins work on 1,800 s/f Sugar River Bank in Sunapee, NH

Sunapee, NH Construction is underway at Sugar River Bank. The 1,800 s/f renovation project is being managed by Raymond, NH based Jewett Construction Co. in partnership with the NES Group. This is the first Jewett project in this New England town which is home to Lake Sunapee.

This is not, however, the first bank that Jewett has constructed during a 45 year history in the industry. According to president Craig Jewett, “We’ve had the opportunity to build dozens of financial institutions over the years. It’s fantastic that even as modern banking evolves and changes, community lenders are still finding creative ways to maintain a need for brick and mortar banks and credit unions.”

Sugar River Bank has been offering citizens of New Hampshire the same local and personalized service since 1895. A true “hometown community bank,” Sugar River first opened their doors in Newport, NH and have grown to six locations, offering service to their customers.

The local branch’s renovations are designed to meet the expectations of banking in the 21st Century. Along with a complete cosmetic makeover including drywall, flooring and millwork. The building will be updated to meet codes, increase energy efficiency and improve the customer experience. This fast-paced project will be completed in time for the summer tourist season and is underway while the bank remains fully operational. 

Jewett is a family-owned design-build and construction management firm specializing in commercial projects throughout New England. In addition to Sugar River Bank, Jewett has completed work for Kennebunk Savings, Northeast Credit Union, St. Mary’s Bank, Lowell Five and more.

MORE FROM Financial Digest
Financial Digest

Example Story Title FD 5

Boston, MA The fall season always marks the return of IFMA Boston events, and this year is no different. Registration is now open for IFMA Boston’s FMForward Deep Dive 2024. The FMForward Deep Dive 2024 Conference will be held on November 19th at the Babson Executive Conference Center in Wellesley, Mass.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Cracking the code: Understanding the pros and cons of Delaware Statutory Trusts for 1031 Exchange real estate investors - by Dwight Kay

Cracking the code: Understanding the pros and cons of Delaware Statutory Trusts for 1031 Exchange real estate investors - by Dwight Kay

In the realm of real estate investing, the 1031 exchange Delaware Statutory Trust can provide savvy real estate investors a unique opportunity to achieve passive management, the potential for regular monthly distributions, and a way to enter one of the most tax efficient real estate investment strategies available today.
Another reason to stay debt free in a 1031 Delaware Statutory Trust exchange - by Dwight Kay

Another reason to stay debt free in a 1031 Delaware Statutory Trust exchange - by Dwight Kay

It seems like every day there is another reason showcasing the reason why more and more investors are choosing to stay debt-free when investing in Delaware Statutory Trust (DST) properties in a 1031 exchange.
What’s UP with that? - by Kyle Kadish

What’s UP with that? - by Kyle Kadish

Investors have multiple tools to defer tax liabilities when selling investment properties. The best known is likely a 1031 exchange - which has been around in some form or fashion for over 100 years. Installment sales have existed as part of the code for more than 75 years. Newer legislation (2017) created Qualified Opportunity Zones (QOZs)
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property