RAYNHAM – Bluestone Bank will provide the financing for the construction of more than 130 new units at the Larkwood condominium complex, the bank announced.
The bank’s financing, the amount of which was not disclosed, will cover the acquisition of land and construction loans for the development of infrastructure, model homes and market/affordable townhouses, according to a news release.
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The Bluestone Residential Team is also providing loans to qualified homebuyers. The Bluestone Construction Lending Team has decades of lending experience that spans various economic cycles and prides itself in being involved in multiple repeat projects with builders who appreciate the bank’s expertise, responsiveness, and administration of the financing, the bank said in the release.
“I’m proud to be part of a local bank that believes in supporting our community. At Bluestone Bank we understand that financing community houses isn’t just about transactions, it’s about building stronger neighborhoods and brighter futures for everyone,” Jim Duff, senior vice president and commercial loan officer at Bluestone, said in a statement.
The Larkwood development represents a significant step toward bettering the Raynham community and aligns perfectly with Bluestone’s commitment to strengthening the communities it serves, the bank said.
With $1.5 billion in assets, Bluestone is a full-service bank offering individual and business banking services and financial planning services through its Bluestone Wealth and Trust division. The bank has 12 banking offices and two loan production offices across southeastern Massachusetts with branches in Bridgewater, East Bridgewater, Lakeville, Mansfield, Norton, Pembroke, Plainville, Raynham, Taunton and West Bridgewater.
