Member News

Franklin Savings Bank Finances $2.8MM Project
Franklin, NH
05/21/2015 04:26 PM

Franklin Savings Bank is financing a $2.8 million construction loan for the development of a 29-unit, mixed-use townhouse/office real estate project located at 44 Portland Avenue in downtown Dover. Changing Places LLC is developing the site which is expected to be complete by year end.

Franklin Savings Bank is proud to partner with Changing Places LLC in the development of two new buildings conveniently located minutes from downtown Dover,” said Andre Tremblay, VP, Commercial Loan Officer, of Franklin Savings Bank. “The completed project will offer prime commercial real estate space for small businesses, as well as attractively constructed townhouses within a short walk to all the great amenities the city has to offer.”

The finished project will feature two buildings situated on a .803 acre parcel. One building will include 10 retail/office rental units on the first level and 10 townhouse-style apartments with 1,408 sq. ft. – 1,628 sq. ft. of living space on the second level.  The second building will contain nine townhouse apartment units with 1,776 sq. ft. of living space, featuring a two-stall garage on the first level and two floors of living space above.

 

About Changing Places LLC

Based in Dover, NH, Changing Places LLC is a family-owned company specializing in the development of land and construction of new homes for sale/rent throughout the Seacoast Region.

 

About Franklin Savings Bank

Established in 1869, Franklin Savings Bank is an independent, mutually-owned community bank, offering a full array of commercial lending, retail banking and investment services throughout the Central Lakes Region and southern New Hampshire. Headquartered in Franklin, the Bank has offices in Bristol, Boscawen, Tilton, Laconia and Gilford, as well as an office in Bedford for business lending. Franklin Savings Bank also offers investment, insurance and financial planning services through its wholly-owned subsidiary, Independence Financial Advisors, from offices in Franklin, Bedford and Rochester, New Hampshire. As a recognized leader in providing the latest in financial services technology, Franklin Savings Bank remains committed to serving the needs of businesses, families and the communities it serves, through a dedicated team of employees, a diverse line of financial products and services, and continued investment in emerging technology.

 

You can learn more about Franklin Savings Bank by calling 1.800.372.4445, or visiting www.fsbnh.com, www.facebook.com/franklinsavingsbank, or www.linkedin.com/company/franklin-savings-bank

    
Reference
Dawn Beers
934-8358
 
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