With nearly $4 Billion in assets and over 300,000 members nationwide, DCU is the largest credit union headquartered in New England. DCU has been ranked as the fastest growing credit union in America during the last ten years. DCU is also one of the largest commercial lenders in the credit union industry. The success of DCU is due, in large part, to the satisfaction and loyalty of DCU members and the dedication and commitment of its employees. Such success is also attributable to its sound business investments.
Recognized for conservative and prudent investment of members' deposits, DCU has been in the construction loan business for over 5 years. The Village at West Gloucester represents a significant part of their construction portfolio. DCU decided to finance both the site development work and home construction at The Village at West Gloucester after carefully evaluating the business risk and the likely success of this project. Given the success to date of this project, where both sales and site development work are currently ahead of schedule, DCU has recently decided to increase the limit on the revolving loan to allow construction to proceed at its rapid pace.
David Bromberg, Senior Commercial Lender for DCU, states:
We were impressed with both Brian Lever's career experience and the quality and success of his past real estate development projects. At this point in the project, we are very happy with the excellent work of the subcontractors and of the tight management of the project; both which are resulting in quality construction and in the project remaining on schedule. We are pleased to be underwriting the development of The Village at West Gloucester.
David W. Bromberg, Senior Commercial Lender for
The Village at West Gloucester at Digital Credit Union would be happy to speak with you about The DCU commitment to The Village at West Gloucester.
Feel free to contact David at (978) 486-6691.