New Hampshire industrial is concentrated across Manchester, Nashua, Portsmouth, and Concord. Manchester and Nashua sit within the broader Greater Boston commuter shed and benefit from sustained Massachusetts-spillover in-migration; Portsmouth is anchored by Portsmouth Naval Shipyard (across the river in Kittery, Maine), insurance operations, biopharma manufacturing, and a deep tech and biotech base; Concord is the state capital . I-93 / I-95 / Route 3 corridor industrial draws steady regional-bank and selective life-company competition; the broader Greater Boston last-mile spillover into southern New Hampshire is a meaningful demand driver.
Active capital sources
- Life Companies
- CMBS Lenders
- New Hampshire Regional Banks
- National Debt Funds
Loan programs we place
- Bulk Distribution Perm Debt
- Last-Mile Industrial Acquisition
- Build-to-Suit Construction-to-Perm
- Industrial Refinance / Recapitalization
Source notes
- BLS QCEW, 2025
Frequently asked questions
What LTV is realistic on stabilized Manchester industrial?
Stabilized institutional bulk distribution and last-mile product typically clears 60% to 70% LTV through life companies and CMBS; debt yields of 8.5% to 10.0% effectively size most highly leveraged executions . Single-tenant credit-tenant net-leased product with long WALT can stretch into the 65% to 75% range on the back of underlying tenant credit.
Do you finance cold storage and specialty industrial in New Hampshire?
Yes. Cold storage, food-and-beverage processing, and aerospace-supplier industrial each draw specialty lender pools with distinct underwriting standards. The specialty industrial debt funds active on cold-chain and food-grade product treat large-format institutional cold storage as a primary asset class, and life-company correspondent shops with food-and-beverage industrial expertise quote stabilized institutional product on competitive terms.
What is New Hampshire's transfer tax structure for commercial industrial?
New Hampshire imposes a Real Estate Transfer Tax of $0.75 per $100 of consideration (0.75%) split equally between buyer and seller, for a combined 1.50% of consideration. There is no statewide mortgage tax. Combined transfer tax burden of 1.50% on a typical $10-25M New Hampshire commercial transaction is among the higher New England loadings, though the absence of a personal income tax meaningfully offsets the closing-cost burden on the long-term hold.
Are construction loans available for build-to-suit industrial in New Hampshire?
Yes. Construction-to-perm executions for credit-tenant net-leased product draw competitive bidding from regional banks and a focused subset of national debt funds. Required equity is typically in the 25% to 35% range with partial recourse during construction burning off at stabilization, and long-WALT take-out through CMBS or life companies is the typical exit. Pre-construction lease execution with an investment-grade tenant materially improves both pricing and proceeds: the same physical building with a 10-year credit-tenant lease in hand at construction-loan closing typically clears 50 to 100 basis points tighter than a comparable speculative build, frequently with materially lower required equity.