The Balsams Resort | A Wilderness Renaissance

The Balsams Resort. A Wilderness Renaissance.

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Thebalsamsresort.com news digest

  • 6 years

    Otten asks Coos Legislators to help Balsams Project

    September 18th, 2018
    LANCASTER – “Balsams Resort developer Les Otten last week asked Coos County legislators to support legislation that would allow the creation of a tax assessment district without the need for a $28 million loan guarantee from the N.H. Business Finance...

  • 6 years

    Balsams Application Withdrawn from New Hampshire Business Finance Authority

    DIXVILLE, N.H. (August 27th, 2018)
    “The Balsams Resort redevelopment team, through its lead lender Service Credit Union (SCU), has withdrawn its application for a loan guarantee through the New Hampshire Business Finance Authority (NH BFA). Despite collectively working with all parties...

  • 6 years

    Business Finance Authority Application Background

    The Balsams redevelopment project has secured the majority of required permits and to date has more than $26 million worth of real estate pre-sales sales under deposit.
    Neither the State of New Hampshire, nor the NH BFA, are being asked to provide funds for this project. Under the current application, Service Credit Union will be issuing the loan, based on its independently-conducted diligence and underwriting process...

  • 6 years

    Balsams Development Team Requests Delay In BFA Process

    June 13th, 2018
    DIXVILLE, NH – “The Balsams redevelopment team on Tuesday announced they are asking the N.H. Business Finance Authority, which is reviewing the team’s application to determine whether to recommend a $28 million state-backed loan, for more time....

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