Meetings / May 17, 2023 / Item 6

Item 6

approved

May 17, 2023

Description

Authorize to hold a public hearing and passage of a resolution entitled: A RESOLUTION UNDER RSA 162-A:18 AWARDING A STATE GUARANTEE UNDER RSA 162-A:13 WITH RESPECT TO A COMMERCIAL MORTGAGE FROM WALDEN MUTUAL BANK TO RUSTIC CRUST, INC. & SUBSIDIARIES and make the statutory findings under RSA 162-A:18, with respect to the proposed extension of a guarantee of the State of New Hampshire with respect to a certain loan from WALDEN MUTUAL BANK TO RUSTIC CRUST, INC. & SUBSIDIARIES. The loan to be subject to the State's guarantee will in an amount of up to $3,037,500 COMMERCIAL MORTGAGE and the proposed guarantee will be in an amount equal to seventy-five percent of any deficiency determined to exist after the Lender has diligently pursued specified available collection rights.

Amount
$3.0M
$3,037,500
Vote Record approved
Motion by Kenney, seconded by Warmington
Joseph Kenney (R) yes
Cinde Warmington (D) yes
Janet Stevens (R) yes
Ted Gatsas (R) yes
Dave Wheeler (R) no
Dissenting: Wheeler

Documents (1)

Item_6.pdf Open in new tab →
← Back to May 17, 2023 meeting