Vol.42, No.15
www.thewarrengroup.com
W E E K O F M O N D A Y, A P R I L 1 3 , 2 0 2 0
THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group
WEEKLY SALES OF NOTE
COVID CRISIS
Rye 210 SOUTH RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,244,933 B: Andrew G Smith & Lindsay E Smith S: Judd A Gregg Tr, Tr for Judd A Gregg RET
Nashua 591 W HOLLIS ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,000,000 B: Microsociety Academy Charter School Foundation S: R Scott Alsterda Tr, Tr Haven NNN Investments Mtg: Millyard Bank $1,800,000 Use: Educational Property, Lot: 81849sf
Chester 156 DERRY RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,750,000 B: Just Doin It Lazy LLC S: Christine W Dyson & Brian Nicoll
Nashua N AMHERST ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,500,000 B: Aranosion Oil Co Inc S: Sullivan Family Heritage Mtg: Sullivan Family Herit $1,200,000
North Hampton 90 OCEAN BLVD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,400,000 B: Jacqueline Boyle & Michael Boyle S: Carol J Latham Tr, Tr for Latham FT
Hanover 8-1/2 PLEASANT ST. . . . . . . . . . . . . . . . . . . . . . . . . . $1,320,000 B: Karen L Huyck & James M Huyck S: Karen E Aptakin Tr, Tr for Aptakin RT Mtg: Title Mtg Solution $970,000 Use: 2 Bdrm Ranch, Lot: 13068sf
Laconia 81 LIGHTHOUSE CLFS. . . . . . . . . . . . . . . . . . . . . . . . . $1,310,000 B: Timothy Downing & Jamie K Downing S: Shanna L Bekar Tr, Tr for Derek&Shanna Bekar RET Mtg: JPMorgan Chase Bank $917,000 Use: 4 Bdrm Contemporary, Lot: 17419sf
Hampton 26 ANCIENT HWY. . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,176,000 B: Elizabeth Skinsacos & John M Janakos S: John J Grasso Tr, Tr for Grasso FT
Portsmouth 579 SAGAMORE AVE U:101 . . . . . . . . . . . . . . . . . . . . $1,100,000 B: Nancy Manley & Carol Carpenter S: Janice E Titus Tr, Tr for Janice S Titus RET Use: 4 Bdrm Condo 5 MOEBUS TER. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,070,000 B: Bruce A Sandmaier & Sharron A Sandmaier S: Brian L Richards & Lisa A Richards Mtg: CMG Mortgage Inc $216,000 Use: 3 Bdrm Colonial, Lot: 8797sf
PPP Loan Demand Challenges Banks Emergency Business Loan Program Launched in Under a Week BY DIANE MCLAUGHLIN AND JAMES SANNA REGISTRY REVIEW STAFF
W
ith thousands of small businesses lining up across New Hampshire to access $349 billion in federal rescue loans on the morning of April 3, many faced difficulties being Diane McLaughlin ready to process the applications thanks to tardy government guidance. The program, called the Paycheck Protection Program, or PPP, has been billed as a critical emergency measure intended to keep afloat James Sanna both businesses that have suddenly closed due to the pandemic and those suddenly facing a loss of revenue. Interest in the program matched the scale of the country’s economic crisis: Bank of America alone said 75,000 small businesses across the country had applied to it for $7 billion of loans on the first day, and the Small Business Administration said on the afternoon of the program’s launch that it had approved more than 12,460 loans valued at $3.9 billion. The PPP was created a week earlier as part of the $2.2 trillion CARES Act economic aid package. The U.S. Small Business Administration and Treasury Department had released
information about the program’s details over the course of the week, some of which had changed. The final interim rule governing the PPP was posted to the Treasury Department website on the evening April 2.
Confusion, Delays Hit Some Because of the tight timeline, however, some banks were ready to start accepting loans while other banks, large and small, complained they hadn’t received the details of the program from the Treasury soon enough to be ready for the launch morning. Even those banks accepting applications were limiting them to current customers. Bank of
America, for example, said it only took applications from customers who had business deposit accounts and business loans with the bank. “While the commitment by our banks to fully implement the PPP program is strong and ongoing, the initial deployment was not easy due to late arriving federal guidance and challenges accessing SBA’s system,” NH Bankers Association President Kristy Merrill said in a statement. “Notwithstanding these early federal challenges, our bankers will continue working tirelessly to provide support, relief and funds to New Hampshire’s eligible small businesses every day and as quickly as possible.
New Hampshire Market Statistics
Laconia 4,800 4800
8000 7000
INDEX
T
Both
4,000 4000
6000 5000 4000
Refinance Purchase
3,200 3200
REAL ESTATE RECORDS 3000 2000
TRANSACTIONS THRU 1000
2,400 2400
Dec. Jan. Feb. MarchApril May June July Aug. Sept. Oct. Nov. Dec.
3 Belknap �������������������������� 03/31/20 3 Carroll ���������������������������� 03/31/20 4 Cheshire ������������������������ 03/31/20 4 Coos �������������������������������� 03/31/20 4 Grafton ���������������������������� 03/31/20 5 Hillsborough ������������������ 03/31/20 7 Merrimack ���������������������� 03/31/20 8 Rockingham ������������������ 03/31/20 9 Strafford ������������������������ 03/31/20 10 Sullivan �������������������������� 03/31/20 10 Bankruptcies 10 Lien & Attachments 10 Foreclosure, Mortgagee & Other Lien Auctions 10 Requests for Bids & Proposals
1,600 1600 800 800
00
Feb. Mar. Mar. Apr. Apr. May May June June July Jul. Aug. Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb. Feb. Feb. ’19
’20
3000 3,000 6000
BothMonth
Both
5000
Purchase
Refinance
Both
Refinance
2500 2,500 4000
Purchase
Refinance
Feb. 2016
586
1,679
2,265
Feb. 2017
592
1,581
2,173
1000 1,000
Feb. 2018
573
1,360
1,933
500 500
Feb. 2019
639
1,241
1,880
Feb. 2020
600
2,313
2,913
3000 2000
2000 2,000
Purchase
1000
0
Jan. 15
Jan. 16
Jan. 17
Jan. 18
Jan. 19
1500 1,500
00
Feb. 16 Feb.
Feb. Feb.16
’16
’17
Feb. Feb.16
’18
Feb. Feb.16
Feb. Feb.16
’19
’20
Continued on Page 12
TO OUR CUSTOMERS
Number of Mortgages for Single-Family Homes
57 COMMANDERS HELM . . . . . . . . . . . . . . . . . . . . . . $1,000,000 B: William E Fanning & Kerry Fanning S: Richard Sanders & Kimberly H Pearson Mtg: Bank of America NA $650,000 Use: 3 Bdrm Contemporary, Lot: 10890sf
PG COUNTY
As business restrictions intended to stop the spread of COVID-19 put a sudden halt to economic activity, the federal government is stepping in to provide bridge loans.
❑ Statistics based on single-family home sales ❑ Source: The Warren Group
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he Warren Group is making every reasonable effort to collect real estate data during these unprecedented times. As more registries restrict acBoth cess and courts close down, we anticipate further collection issues and Refinance as a result you will see fewer sales, Purchase notices and liens in The Registry Review. We will publish this information as it is available. We apologize for any inconvenience this crisis may cause, and we thank you for your understanding and continued support of our newspapers. Please call or email customer service at 617-896-5388 or customerservice@thewarrengroup.com if you have any questions. All collection issues are also available on our website, www.thewarrengroup.com/ data-collection-issues. Sincerely, Cassidy Norton, Associate Publisher The Warren Group