News: Financial Digest
Posted: December 13, 2007
NorthEast Community Bank closes on $3.455 million in loans
NorthEast Community Bank (NECB) has recent closed $3.455 million in loans consisting of the following transactions:
Almar Realty, LLC arranged the following transaction:
*$975,000 in purchase money for a mortgage secured by a three-story apartment building in Malden, Mass.
1st New England Mortgage arranged the following transaction:
*The refinance of a $1.125 million mortgage secured by a six-story apartment building located in Boston.
NECB completed transactions consisting of the refinance of a three-story apartment building, located in Leominster, Mass. for $170,000 as well as a refinance of a mixed-use building located in Springfield, Mass. for $575,000. In addition, NECB offered financing for the refinance of a four-story apartment building located in Holyoke, Mass. for $610,000.
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