Leader Bank Finances Commercial Loan for Oakley Country Club
Arlington, MA – Leader Bank recently provided a Commercial Loan of $12 million for Oakley Country Club in Watertown, Massachusetts. The Country Club decided to refinance its current loan in order to take advantage of Leader Bank’s low rates. With the additional funds, the Oakley Country Club plans to continue to update its facilities, improving its outdoor function areas and grounds. In addition to the lower rate, Oakley Country Club was interested in partnering with a local lender that understood the needs of its community. The Club has been in operation since 1898 offering a space for meetings and events as well as golf and other outdoor sports.
“We are happy to work with Oakley Country Club and its board and find the best solution to finance their impressive renovation projects,” said Sushil K. Tuli, Chairman & CEO of Leader Bank. “The Country Club and its members are a community staple and we are proud to have them as a client. We wish them many more years of success in their beautiful new facilities.”
Leader Bank is dedicated to supporting businesses in the community and offers a wide variety of financing solutions for businesses’ needs large and small. In 2019, Leader Bank closed 145 new commercial real estate transactions, totaling over $172 million in committed lending. The Bank’s experienced Commercial Lending team and fast, local decision-making is key to helping their clients prosper and drive local economies.
About Leader Bank
Founded in 2002, Leader Bank is a Massachusetts-based entrepreneurial financial institution that approaches banking differently. The core tenets of Leader Bank include world-class client service, exemplary products, and innovation to meet the needs of its clients. At its founding, Leader Bank had $6.5 million in assets – in the two decades since, the Bank has grown into one of the most successful financial institutions in the Commonwealth with $4 billion in assets. Leader Bank’s team members have been at the forefront of supporting the Bank’s rapid growth and client-oriented solutions over the last two decades as the Bank has expanded its commercial and retail products and solutions. Leader Bank is a committed corporate citizen and prides itself on partnering with and supporting philanthropic organizations. More information on Leader Bank can be found at www.leaderbank.com.
