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THE FINANCIAL SERVICES AND REAL ESTATE WEEKLY FOR MASSACHUSETTS BY THE NUMBERS
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County close-up: Essex Spotlight: Topsfield
IN PERSON
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StonehamBank has hired Mark D. Drew as a senior vice president to head the bank’s commercial lending department. A former business owner and entrepreneur in the Internet banking arena, Drew’s passion for small business and interacting with business owners is what led him to get into banking in the first place.
WEEK OF MONDAY, AUGUST 6, 2018
RESIDENTIAL REAL ESTATE BY THE NUMBERS
I N D E F A U LT
2,144 The number of housing units in Topsfield. See the town spotlight in By the Numbers on page 6. Source: United States Census Bureau
$7.95 million The price of 13 Kingsbury Lane, Orleans, in the top spot of this week’s Gossip Report. See page 7 for more. Source: The Warren Group
100,000 The number of square feet in Framingham office building 100 Crossing Boulevard. See Hot Property on page 8. Source: National Development
30,000 The number of individual loan officers in UVM’s network of 7,000 brokerage firms. See Kenneth R. Harney’s column on page 4. Source: UVM
6,725 The number of square feet of the home located at 554 Wianno Ave., Osterville, in the third spot of this week’s Gossip Report. For more, see page 7. Source: The Warren Group
$17.36 The residential tax rate in Topsfield. See the town spotlight in By the Numbers on page 6. Source: Topsfield Board of Assessors
640 The lowest FICO credit score that United Wholesale Mortgage will allow a loan applicant to have in a new program that enables borrowers to avoid escrow accounts. See Kenneth R. Harney’s column on page 4. Source: United Wholesale Mortgage
A BLEMISH ON BERKSHIRE’S BALANCE SHEET BANK FORECLOSES ON THREE NOTES IN VERMONT
BY BRAM BERKOWITZ BANKER & TRADESMAN STAFF
B
erkshire Hills Bancorp’s balance sheet looked pristine at the end of the second quarter – non-performing assets made up a measly 0.2 percent of total assets. But beneath the surface, there was a black spot. The company in February foreclosed on a series of properties owned by The Hermitage in Dover and Wilmington, Vermont, including the company’s private ski resort at Haystack Mountain, golf course, various inns and a townhouse village, according to court docuContinued on Page 7 ments obtained by Banker & Tradesman.
Berkshire Bank foreclosed on The Hermitage in Vermont after it failed to make payments on loans totaling $16 million.
4.4 The number of acres that the home in this week’s top spot of Gossip Report sits on. See the Gossip Report on page 7. Source: The Warren Group
Unless otherwise noted, all data is sourced from The Warren Group’s Mortgage Market Share Module, Loan Originator Module, Statistics Module and/or proprietary database. For more information please visit www.thewarrengroup.com/business/ datasolutions.
COMMERCIAL INTERESTS
S H R I N K I N G H O U S E H O L D S, C O M PA C T L I V I N G
Mayor’s Less Obsessive Approach to Development Yields Results
Compact Living Strategy Reflects Demographic Trends
Walsh Gains Ground on Building Permits By Scott Van Voorhis | Banker & Tradesman Columnist
Commercial Real Estate PAGE 3
Boston Releases New Microapartment Rules By Steve Adams | Banker & Tradesman Staff
Commercial Real Estate PAGE 8