NorthEast Community Bank closes on $3.492 million in loans

NorthEast Community Bank has recently closed $3.492 million in loans consisting of the following transactions: Crown Mortgage Corporation of Foxborough, Mass. arranged the following transactions: *$263,900 in purchase money for a mortgage secured by a six-unit, three-story apartment building in Fall River. *$70,000 equity line secured against a 12-unit, 2-building apartment grouping located in Fall River. Eaton Partners of Manchester, N.H. assisted in a transaction for the purchase of a three-story apartment building for $300,000. Commercial Mortgage Capital Group of Boston arranged a transaction consisting of purchase money in the amount of $1.085 million for a mortgage secured by a mixed-use building with a 21-unit SRO and a restaurant. The subject property is located in Boston. NorthEast Community Bank completed transactions consisting of the refinance of a three-story apartment building, located in New Bedford for $300,000 as well as the purchase of a mixed-use building located in West Warwick, RI for $255,000. In addition, NECB offered financing for the purchase of an 18-unit residential/2 unit commercial building located at 220 Broadway in Chelsea for $1.130 million as well as an Equity Line in the amount of $100,000 on the subject property.