Vol.47, No.1
www.thewarrengroup.com
W E E K O F M O N D A Y, J A N U A R Y 6 , 2 0 2 5
THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group
WEEKLY SALES OF NOTE
C&I OUTLOOK
Franklin
121 S MAIN ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $10,750,000 B: Makor Franklin Acq LLC S: New Franklin Apt LLC Mtg: New Franklin Apt Llc $10,750,000 Use: Apartment Building, Lot: 64382sf
Bedford
0 S RIVER RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $8,000,000 B: Group One Realty Inc S: Circle Drive Assoc LLC
Tilton
Local Banks Eye Biz Lending Boost in 2025 Less CRE Demand, Fewer Fed Rate Cuts Buoy Hopes BY JAY FITZGERALD SPECIAL TO THE REGISTRY REVIEW
Salem
105 S BROADWAY. . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,055,000 B: Siena Capital Nh LLC S: Salem Four LLC Mtg: Enterprise Bk & Tr Co $3,500,000 Use: Auto Repair, Lot: 45738sf
Concord
208 LOUDON RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,789,000 B: Dinah Gres, Tr for Dinah Gres FT S: Concord 4 LLC Use: Auto Supply, Lot: 50530sf
Moultonboro
LONG POINT RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,125,000 B: Michele Schuler S: 35 Braun Bay LLC
Nashua
605 AMHERST ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,480,000 B: JFC Real Estate II LLC S: Nashua Four LLC Mtg: Claremont Svgs Bk NH $2,610,270 Use: Auto Repair, Lot: 90605sf
Plaistow
42 PLAISTOW RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,410,000 B: DJB Dream LLC S: Plaistow Four LLC
Salem
380-384 MAIN ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,370,000 B: Shackford Homes LLC S: Main Street 380 LLC Mtg: Jack Szemplinski $1,600,000
Windham
3 LILAC RIDGE RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,775,000 B: Louise E Lambe, Tr for Louise E Lambe RET S: Gbq Homes LLC Mtg: Bank of America NA $1,550,000 Use: 5 Bdrm Colonial, Lot: 105807sf
N
ew Hampshire banks hope to build upon this past year’s incremental improvements in business lending across the state. According to FDIC data, total statewide commercial-and-industrial lending by New Hampshire-based banks rose to $746 million through the third quarter of 2024, up a modest 2.6 percent compared to the same period in 2023 and up 8.7 percent compared to the first three quarters of 2022. Among the local banks seeing big C&I lending gains were Franklin Savings Bank (up 25.4 percent to $24.6 million), Walden Mutual Bank (up 128 percent to $37.2 million) and Claremont Savings (up 73.8 percent to $28.9 million), according to FDIC data. Not all New Hampshire-based banks saw a boost in C&I lending through the third quarter – with one bank’s C&I lending down by as much as 25 percent compared to the same period in 2023. Still, Small Business Administration loan data tends to confirm that business lending has been on the rise of late in the Granite State. Total approved SBA 7(a) lending by state, regional and national banks was up 32 percent in New Hampshire, to $130 million for the federal fiscal year ending Sept. 30, compared to the prior fiscal year, according to SBA data.
PG
REAL ESTATE RECORDS
$460,000 460000
3 Belknap �������������������������� 12/20/24 3 Carroll ���������������������������� 12/20/24 4 Cheshire ������������������������ 12/20/24 4 Coos �������������������������������� 12/20/24 5 Grafton ���������������������������� 12/20/24 5 Hillsborough ������������������ 12/20/24 7 Merrimack ���������������������� 12/20/24 7 Rockingham ������������������ 12/20/24 9 Strafford ������������������������ 12/20/24 9 Sullivan �������������������������� 12/20/24 10 Bankruptcies 10 Lien & Attachments 10 Foreclosure, Mortgagee & Other Lien Auctions 10 Requests for Bids & Proposals
including a slowly improving economy and late-year Fed interest-rate cuts that appear to have attracted the interest of some business borrowers.
Shift Away from CRE But a few local bankers said there’s also been a shift, broadly speaking, away from commercial real estate lending toward more C&I loan business, due to the rise of at-home
$500,000 500000 $480,000 480000
TRANSACTIONS THRU
TD Bank was tops in approved SBA 7(a) lending in New Hampshire this past fiscal year, via 166 deals worth $22 million, more than double the dollar value of the previous year’s approved loans for TD. Other notable SBA lenders include Meredith Village Savings ($4.3 million, up from $1.3 million) and Merrimack County Savings ($2.7 million, also up from $1.3 million). Local bankers cite a number of reasons for the increase in business lending in 2024,
Single-Family Median Sales Price
INDEX COUNTY
With commercial real estate loan demand down, many New Hampshire banks are hoping to grow their business lending portfolios in 2025. But expect fierce competition.
NEW HAMPSHIRE MARKET STATISTICS
Nashua
29-31 FORGE DR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,750,000 B: Sgc Mangement LLC S: Hammerhead Rental Prop LL
iStock illustration
380 W MAIN ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,574,000 B: Makor Tilton Acq LLC S: New Franklin Apt LLC Mtg: Customers Bank $5,250,000 Use: Apartment Building, Lot: 231739sf
$440,000 440000 $420,000 420000 $400,000 400000
Want to see your news featured in a future issue of The Registry Review?
Nov. Dec Dec. Jan. Jan. Feb. Feb. Mar. Mar. Apr. Apr. May May June June July July Aug. Aug. Sept. Sept. Oct. Oct. Nov. Nov. Nov. ’23
’24
Number 500000 $500,000 of Sales 450000 $450,000 400000 $400,000 350000 $350,000 300000 $300,000 250000 $250,000 200000 $200,000
Continued on Page 12
2020
Nov. ’20
2021
Nov. ’21
2022
Nov. ’22
2023
Nov. ’23
2024
Nov. ’24
Year
Median Price
Change Prior Year
Nov. 2020
$319,000
11.93%
Nov. 2021
$375,000
17.55%
Nov. 2022
$418,767
11.67%
Nov. 2023
$440,600
5.07%
Nov. 2024
$487,000
10.68%
q Statistics based on single-family home sales of $1,000 q Source: The Warren Group
©2025 The Warren Group Inc. All rights reserved. No part of this publication may be reproduced without the written consent of the publisher.
Send submissions for consideration to
editorial@thewarrengroup.com.