Vol.42, No.34
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W E E K O F M O N D A Y, A U G U S T 2 4 , 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
TOP PPP LENDERS
Hampton 537 OCEAN BLVD U:13. . . . . . . . . . . . . . . . . . . . . . . . $3,500,000 B: Oceans Ridge Condo LLC S: Hunter Investments Inc Mtg: Enterprise Bk & Tr Co $15,000,000 Use: Condo 535 OCEAN BLVD U:9. . . . . . . . . . . . . . . . . . . . . . . . . $3,500,000 B: Oceans Ridge Condo LLC S: Hunter Investments Inc Mtg: Enterprise Bk & Tr Co $15,000,000 Use: Condo 533 OCEAN BLVD U:8. . . . . . . . . . . . . . . . . . . . . . . . . $3,500,000 B: Oceans Ridge Condo LLC S: Hunter Investments Inc Mtg: Enterprise Bk & Tr Co $15,000,000 Use: Condo
Gilsum OLD GILSUM RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,144,000 B: Nature Conservancy S: Dirk R Casagrande Tr, Tr for Casagrande FT
Portsmouth 175 MARKET ST U:402. . . . . . . . . . . . . . . . . . . . . . . . $2,400,000 B: Michael P Balas S: EPORT Properties 1 LLC
New London 193 PILOTHOUSE RD. . . . . . . . . . . . . . . . . . . . . . . . . . $1,950,000 B: Elizabeth Howard & Scott Howard S: John D Deacon Jr TR, TR for John D Deacon Jr Further FT
Concord 313 LOUDON RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,900,000 B: West Street Keene LLC S: L&A Realty LLC Mtg: L&A Realty LLC $1,600,000 Use: Retail-department Store, Lot: 65340sf
Hanover 16 CHANDLER RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,750,000 B: Michael P Madan & Juliette C Madan S: Michael J Gerling Tr, Tr for Michael J&B R Gerling T Mtg: Title Mtg Solution $1,200,000 Use: 4 Bdrm Cape Cod, Lot: 2286900sf
New Castle 120 WILD ROSE LN. . . . . . . . . . . . . . . . . . . . . . . . . . . $1,650,000 B: 120-0 Wild Rose Lane LLC S: Lawrence Gray & Ruth Soper-Gray
Dover 41 3 RIVERS FARM RD. . . . . . . . . . . . . . . . . . . . . . . . $1,500,000 B: Maarten L DeRuiter Tr, Tr for Maarten L DeRuiter RET S: Susan E Norman & Gerald A Digrezio Use: 3 Bdrm Cape Cod, Lot: 543193sf
Alton 104 RAILROAD AVE. . . . . . . . . . . . . . . . . . . . . . . . . . . $1,289,000 B: Mark E Blanchard Tr, Tr for Meb 2017 T S: Guy V Faretra Tr, Tr for C&G RT Mtg: HarborOne Mortgage $1,031,200 Use: 2 Bdrm Cottage, Lot: 17860sf
Banks Took Different Paths for PPP Success Some Resorted to Technology, Others Innovated Differently BY BRAM BERKOWITZ SPECIAL TO THE REGISTRY REVIEW
T
he banking community delivered an extraordinary effort in the Paycheck Protection Program, helping the U.S. Small Business Administration disburse nearly $497 billion in total loan volume in less than two months, a task bankers once would have thought impossible. New Hampshire banks – both large and small – played their part, issuing roughly $2.5 billion in total loan volume to more than 23,000 businesses across the state, according to the U.S. Treasury Department. The Registry Review, compiled this federal loan data to determine the top PPP lenders in the Granite State. Large banks with a heavy presence in New Hampshire such as TD Bank and Citizens Bank led the way, issuing 3,395 and 3,013 loans, respectively. But smaller banks in New Hampshire such as the roughly $1.7 billion-asset Bank of New Hampshire pitched in as well, making the top PPP lenders list.
New Playbooks With such little notice and so many unknowns in the PPP, banks were forced to create their own playbook, leading to a number of different approaches. Citizens Bank held the No. 1 deposit market share in New Hampshire as of June 30, 2019, the most recent data available, according to the
1,500 1500 1,000 1000 500 500 00
July Aug. Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb. Feb. Mar. Mar. Apr. Apr. May May June June July July July ’19
’20
Number 2100 of 2,100 Sales 2000 2,000 1900 1,900 1800 1,800
1,700 1700 1,600 1600
July July ’15
July July ’16
July July ’17
July July ’18
July July ’19
July July ’20
July 2015 July 2016 July 2017 July 2018 July 2019 July 2020
Continued on Page 15
TO OUR CUSTOMERS
2,500 2500
REAL ESTATE RECORDS
3 Belknap �������������������������� 08/07/20 4 Carroll ���������������������������� 08/07/20 5 Cheshire ������������������������ 08/07/20 6 Coos �������������������������������� 08/07/20 6 Grafton ���������������������������� 08/07/20 7 Hillsborough ������������������ 08/07/20 9 Merrimack ���������������������� 08/07/20 10 Rockingham ������������������ 08/07/20 12 Strafford ������������������������ 08/07/20 13 Sullivan �������������������������� 08/07/20 14 Bankruptcies 14 Lien & Attachments 14 Foreclosure, Mortgagee & Other Lien Auctions 14 Requests for Bids & Proposals
gest effort that we’ve had as an organization to combine so many resources across all of our platforms from retail and business banking, technology, credit markets, commercial banking, that came together.” Carelli said the portal enabled businesses to quickly apply for PPP loans with minimal human interaction, although bankers were available to provide guidance in certain cases.
Single-Family Sales By Month 2,000 2000
TRANSACTIONS THRU
FDIC, and also has a huge presence in many other states. As a result, the bank expected a huge amount of applications and chose to build its own in-house portal for PPP applications. “With the sheer tens of thousands of applications, there was no doubt we needed an automated, technology-driven platform,” said Joe Carelli, president of Citizens Bank for New Hampshire and Vermont. “This was our big-
New Hampshire Market Statistics
INDEX PG COUNTY
The state’s banks, both large and small, played a key role in helping businesses stay afloat in the early days of the COVID-19 pandemic.
Number of Sales
Change Prior Year
1,974 1,827 2,016 2,019 1,918 1,709
26.38% -7.45% 10.34% 0.15% -5% -10.9%
q Statistics based on single-family home sales of $1,000 q Source: The Warren Group
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T
he Warren Group is making every reasonable effort to collect real estate data during these unprecedented times. As more registries restrict access and courts close down, we anticipate further collection issues and as a result you will see fewer sales, 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