March 29, 2023

BayCoast Mortgage Makes Waves on Martha’s Vineyard

Island oasis. Picturesque paradise. Relaxing getaway.

These are just a few of the words you could use to describe a scenic New England location, known world-wide as a popular vacation destination and cherished by its residents as a quaint place to call home.

That island is Martha’s Vineyard.

Located just seven miles off the coast of Massachusetts, Martha’s Vineyard is famous for its beautiful beaches, vibrant landscape, and as a peaceful retreat from the everyday world. The Vineyard is also home to one of BayCoast Mortgage’s most exciting stories of 2022, the acquisition of Martha’s Vineyard Mortgage. “Martha’s Vineyard Mortgage is a big win for us,” said Daniel J. Briand, President and CEO of BayCoast Mortgage, a wholly owned subsidiary of BayCoast Bank. “For more than two decades, Martha’s Vineyard Mortgage has had a strong history of providing excellent products and service to its customers. This important purchase will expand our presence on the Vineyard, Nantucket Island, and Cape Cod.”

“We are thrilled to extend our service in Dukes County with the purchase of Martha’s Vineyard Mortgage,” adds Nicholas L. Christ, SVP of Sales and Marketing for BayCoast Mortgage.

“This key acquisition will allow us to help more people achieve their dream of homeownership.” Briand says he first learned of this unique business opportunity through a colleague. “The previous owners were looking to move towards retirement and reached out to a friend of mine, who then contacted me. Nick and I immediately thought this would be a good fit for us. As the sale was being finalized, we needed to find a loan officer, preferably someone who lived on the island, to run it.” Both Briand and Christ say they were very fortunate to find two highly experienced industry professionals, both of whom reside on the Vineyard, to staff the new office. Tammy King of Vineyard Haven was brought on as VP, Senior Loan Officer. She offers more than 20 years of experience in the mortgage industry. She is joined by her assistant, Shelly Mayhew of West Tisbury, who has 23 years of community banking experience.

“This was totally meant to be,” said King. “I was looking for a change when this opportunity came about. I reached out to Dan and literally five minutes after my conversation ended with him, Nick called me. It was just amazing. I love my job and I love helping people,” adds King. “We are a resource for our community.”

“I grew up here, this is my home,” adds Mayhew. “Tammy and I have worked together in the past, so we have a great relationship. Tammy is a wonderful mentor and I couldn’t ask for a better place to work.” The Martha’s Vineyard Mortgage office is located in Vineyard Haven at 107 Beach Road. “This location is a hub of activity,” adds King. “Along with our office, the building offers a real estate office, an attorney, and a land surveyor. You feel like you are right in the middle of all of the action.” In their new positions, King and Mayhew say they are thrilled to be able to continue building relationships in a community that they love and are proud to be a part of the BayCoast family.

“We are happy as clams!”

BayCoast Mortgage is proud to be the top lender in many South Coast communities and has established itself as one of the leading lenders in the region. Briand says that in the last four years, BayCoast Mortgage has made amazing progress with business in Rhode Island, in particular Providence, Newport and Portsmouth.  “Our professional relationships are probably the biggest contributing factor to this growth. Our product offerings make those relationships even stronger,” notes Briand.  “Relationships are everything,” adds Christ. “Our neighbors trust BayCoast Mortgage to help them with the financial solutions they need and we sincerely appreciate that trust.”  Despite recent economic challenges, the professionals on the mortgage team continue to focus on what they do best – building relationships and helping people. “Our mission of providing exceptional service and solutions for our community has not changed,” notes Briand. “We are here, continuing to finance and refinance customers’ homes and we are doing it better than our competitors.” Adds Christ, “This is especially true when things get tough. We want our neighbors to know, BayCoast is here for you.”

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