We specialize in customized lending to condominium associations and property management firms that have large capital reserve projects, face overruns in critical and volatile budget-line items such as snow removal, or are trying to reduce the economic impact of a large assessment to unit owners.
In the past, we have provided condominium associations with loans for everything from small-scale projects of $10,000 to large deals of $8 million.
Vice President, Business Development Officer
Office: 781.982.6629
Email: Timothy
Tim has been in banking for 6 years and has 15 years of finance/sales experience and is a Vice President, Business Development Officer for the Condominium Association Banking division at Rockland Trust. He earned a Bachelor's Degree in Architectural Design from the Wentworth Institute of Technology in Boston and his banking career began with Citi Bank in Wellesley. Over the years, Tim has worked as a Business Banking Officer covering MA and RI and also served as a Client Development Officer with Bank of America located in Waltham. During his time there, he was responsible for managing, retaining, and growing a portfolio that consisted of 600 businesses throughout New England. Prior to joining Rockland Trust, Tim was a VP, Business Banking Officer with Peoples United Bank where managed and grew a $23 million portfolio that expanded throughout MA.
Tim has also served as a residential and commercial real estate agent and is currently part of the Worcester and Boston Board of Realtors. He currently lives in Milford, Massachusetts with his wife Lisa and two daughters, Abigail and Isabella, ages 5 and 3.
Jen Macaluso is the Condo/Property Management Business Services Officer for our Condominium Association Banking division. She started with Rockland Trust in 2007 as a teller in our Hull branch. Jen served as the Head Teller of the Rockland Main Office prior to joining the Condo/Property Association team. She offers support to trustees as well as property managers and Business Clients.
Jen graduated from Bridgewater State University in May 2012 with a Bachelors Degree in Psychology.
"The Niles Company manages thousands of condominium units. We wanted a personal relationship with a local bank that specialized in community association banking. Rockland Trust has a dedicated account management team that is both responsive and knowledgeable. They make the transition of a company our size seem easy."
Jerry Ragosa
President
The Niles Company
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