NorthEast Community Bank closes $2.572m in loans for 6 properties
NorthEast Community Bank has recently closed $2,572,220 in loans consisting of several transactions:
Mortgage Network arranged the following transaction:
*$295,000 in refinance money for a mortgage secured by a three-story multi-family building
Bedford Lending arranged the following transaction:
*$920,000 in refinance money for a mortgage secured by a rehabbed three-story wood-framed 14 unit multi-family building in Deerfield, N.H.
Eaton Partners arranged the following transaction:
*$340,000 in purchase money for a mortgage secured by a 9 unit three-story multi-family building located in Manchester, N.H.
NorthEast Community Bank completed the following transactions:
*$287,200 in refinance money for a mortgage secured by a three-story multi-family building located in Raymond, N.H.
*$250,000 line of credit on a three-story brick mixed-use building consisting of 18 apartments and three commercial units.
*$480,000 in refinance money for a mortgage secured by a 3,600 s/f stand-alone commercial building.
Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.
The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.