Elm Grove Companies and Harborfields Realty Investors Close $2.1M Supplemental Loan on Wadleigh Falls, Returning 75% of Investor Capital after Three Years of Ownership

Wadleigh Falls

NEWMARKET, NH (November 18, 2025) -  Elm Grove Companies and Harborfields Realty Investors LLC are pleased to announce the successful closing of a $2.1 million supplemental loan on Wadleigh Falls, a 57-unit age-restricted (55+) community located at 290 Wadleigh Falls Rd. in Newmarket, NH. Patrick Brady, President of Brady Capital Advisors, brokered the loan through Eastern Bank and was also responsible for placement of the original debt through Eastern Bank at acquisition.

This milestone financing has returned approximately 75% of investors’ original capital just three years after acquiring the property, while continuing substantial distributions going forward. The outcome reflects both the strength of the asset and the disciplined management approach.

“We strongly believe that we can provide superior returns for our investors while providing a best-in-class housing experience for our tenants.” said Sam Kirschner, Principal of Harborfields. “This supplemental financing proves our thesis and demonstrates our ability to create value, drive returns, and deliver on our strategy.”

Newton Kershaw III, Principal of Elm Grove Companies, added, “This transaction is a testament to the diligent execution of our business plan by Elm Grove’s best-in-class asset management and property management teams. Their commitment to operational excellence, strategic capital improvements, and resident satisfaction continues to unlock value across our portfolio and deliver outstanding results for our investors.”

Wadleigh Falls remains a core holding within Elm Grove and Harborfields’ portfolio, and the venture looks forward to continuing to operate and enhance the community as it delivers stable, long-term housing for the region’s senior population. In addition, Elm Grove continues to evaluate new acquisitions to grow its portfolio and investment opportunities.

About Elm Grove Companies

Elm Grove Companies is a vertically integrated private equity real estate investment firm offering a strategic approach to acquisition, development, and third-party management. Backed by experienced principals and senior leadership, Elm Grove employs a rigorous asset selection process and hands-on management to deliver lasting community value. The Elm Grove family of companies includes Elm Grove Property Management, Elm Grove Realty, Elm Grove Investments, and EGCON - Construction and Development services. Learn more at www.elmgrovecompanies.com.

About Harborfields Realty Investors

Harborfields Realty Investors LLC is a private real estate investment and asset management firm focused on multifamily throughout the Northeast. The firm’s focus on basic fundamental real estate analysis combined with constant proactive asset management allows it to consistently deliver superior risk adjusted returns.