Leader Bank Finances Commercial Loan for Oakley Country Club
ARLINGTON, Mass., January 20, 2021 / PRNewswire / – Leader Bank recently received a commercial loan from $ 12 million for Oakley Country Club in Watertown, Massachusetts. The Country Club has decided to refinance its current loan to take advantage of Leader Bank’s low interest rates. With the additional funds, Oakley Country Club plans to continue updating its facilities and improving its outdoor areas and grounds. In addition to the lower rate, Oakley Country Club was interested in partnering with a local lender who understood their community’s needs. The club has been in operation since 1898 and offers space for meetings and events as well as golf and other outdoor sports.
“We are excited to work with Oakley Country Club and its board of directors to find the best solution to fund their impressive renovation projects,” he said Sushil K. Fire, Chairman and CEO of Leader Bank. “The country club and its members are a staple of the community and we are proud to have them as customers. We wish them many years of success in their beautiful new facilities.”
Leader Bank supports businesses in the community and offers a variety of financing solutions to meet the needs of small and large businesses. In 2019, Leader Bank closed 145 new commercial real estate transactions $ 172 million in dedicated lending. The bank’s experienced commercial lending team and rapid local decision-making are key to helping their clients thrive and drive the local economy.
About Leader Bank
With a fortune of over $ 2 billion, Leader Bank, NA is a nationally incorporated bank established in 2002 with seven full service branches in Arlington, Belmont, Boston, Burlington, and Cambridge. Leader Bank offers a full range of retail and commercial banking products, including retail and corporate checking accounts, commercial and personal credit products, home lines of credit, deposit products with highly competitive interest rates, and free online banking and bill payment services. For more information, please visit Leader Bank’s website at www.leaderbank.com or one of the bank’s affordable branches. Member of FDIC and Equal Housing Lender, NMLS # 449250.
SOURCE Leader Bank