Skip to Main Content
Needham Bank Logo
Locations
  • Personal Banking
  • Business Banking
  • Personal Credit Card
  • Business Credit Card
Customer Care Center: 781-444-2100
  • Contact Us
  • About
  • Community
  • Careers
  • Enroll in Online Banking
  • Personal Banking
  • Business Banking
  • Personal Credit Card
  • Business Credit Card
Enroll in Online Banking
Needham Bank Logo
Small Needham Bank Logo
  • Overview

    Checking

    • NB Debit Mastercard®
    • NB Money Management
    • Zelle® - Send and Receive Money

    Savings

    • Interest Rates
    • NB Statement Savings
    • NB Money Market
    • Personal CDs and IRAs

    Online & Mobile Banking

    Wealth Management

    Consumer Loans

    • Home Equity Line of Credit (HELOC)
    • Overdraft Protection Line of Credit
    • Personal Loans
    • Auto Loans

    Credit Cards

    • NB Rewards Mastercard®
    • NB Credit Advantage Mastercard®

    Residential Loans

    • First-Time Home Buyer Program
    • Fixed-Rate Mortgages
    • Adjustable Rate Mortgages
    • 40-Year Mortgage*
    • Community Loan Program
    • Construction-to-Permanent Mortgages
    • Home Equity Line of Credit (HELOC)
    • Jumbo Mortgages
    • Portfolio Loans
    • NB WealthBuilder Mortgage
    • Residential Loan Rates
    • Mortgage Calculators
    • Meet the Residential Lending Team

    Learn

    • Calculators & Tools
    • Knowledge Center
    • Fraud Prevention Tips

    Quickly open a Checking, Savings, CD or Money Market online in just 5 minutes. Open an Account Now

  • Overview

    Checking

    • NB Business Checking
    • NB Corporate Checking

    Savings

    • NB Business Money Market
    • NB Business CDs
    • Simplified Employee Pension (SEP) IRAs

    Credit Card

    • NB Business Rewards Mastercard®

    Online & Mobile Banking

    Cash Management

    Features include:

    • Cash Flow Management
    • Collections/Receivables
    • Disbursements/Payables
    • Fraud Prevention
    • Direct Connect for Quicken and Quickbooks

    Municipal Banking

    Wealth Management

    ZDeposit

    ZRent

    Commercial Banking

    • Commercial Real Estate Loans
    • Small Business
    • Middle Market
    • Structured Finance
    • Cannabis Banking
    • Meet our Commercial Team Leaders

    Learn

    • Business Resource Center
    • Business Banking Client Profiles
    • Knowledge Center
    • Fraud Prevention Tips

    Loans & Lines of Credit

    • Business Loans
    • Business Overdraft Protection
    • Construction Loans
    • Small Business Administration (SBA) Loans
    • Small Business Term Loan
    • Commercial Real Estate Loans
    • Paycheck Protection Program Loan Forgiveness

    Partner with Needham Bank experts who are invested in your success.

  • Knowledge Center
  • Client Resources

    • Client Resources
    • Avoid Overdraft Fees
    • Banking Holidays
    • Frequently Asked Questions
    • News
    • Reorder Checks
    • Schedule of Charges

    Account Support and Safety

    • Protect Your Accounts
    • Fraud Recovery Checklist
    • Protect Yourself from Popular Fraud Scams
    • Mailbox Fishing Scams
    • Fraud Prevention Articles

    Contact Us

    • Employee Directory
    • Find a Branch
    • General Inquiries
    • Loan Services
    • Online Banking Help
    • Send a Message

    Frequently Asked Questions

    • I lost my NB Debit Card but the bank is closed. Is there a number I can call?
    • What is Needham Bank's routing number?
    • How do I enroll in Online Banking?
    • How do I avoid overdraft fees?
  • Contact Us
  • About
  • Community
  • Careers
  • Enroll in Online Banking
Customer Care Center: 781-444-2100

Desco Associates, Inc.

Joseph and James DeStefano, Founders

Posted on 12/2/2021
 

 

Joseph and James DeStefano are community-oriented real estate developers. The brothers co-founded Desco Associates, Inc. in 1981 and are now working to help revitalize Waverly Square in Belmont, Massachusetts.

Desco Associates, Inc. is currently constructing three thoughtfully designed, Class A, mixed-use rental properties. The ground floors will be storefront retail rentals, and the upper levels will be residential apartment homes.

In order to complete this re-development project, Joseph and James connected with Needham Bank’s Stephanie Maiona, EVP - Senior Commercial Lender. They believed Needham Bank had financing expertise in the commercial real estate market and would be a great financing partner. An immediate synergy between the two was realized. A plan was formed and the forward-minded re-development was put under construction.

The DeStefano brothers truly appreciate their relationship with Needham Bank and the incredible service(s) they receive. Joseph and James celebrate that Stephanie took the time to fully understand their proposed vision so Needham Bank could provide the right mix of loan and deposit products to assist in making their dream for Waverly Square a reality. They also value the rapid site inspection process and prompt funds disbursement, knowing that Needham Bank will do everything possible to meet their schedule.

Progress has been very impressive at the Waverly Square site. Two buildings are near completion and the third will be under construction in 2022. As for the future, the DeStefano brothers are looking forward to completing all three of these mixed-use buildings, which they hope will encourage further development and revitalization of Belmont’s retail and residential neighborhoods.

Similar Posts

Daniel Jeannite 6/9/2021
The Belgrade Group 10/15/2019

Knowledge Center

Category

  • All
  • Calculators
  • Borrowing
  • Fraud Prevention
  • Home Ownership
  • Managing Debt
  • Retirement & Wealth
  • Saving & Budgeting
  • Small Businesses
  • Students

PLEASE NOTE:

You are leaving the Needham Bank website. By clicking "Continue" below, you will enter a website created, operated, and maintained by a private business or organization. 

Needham Bank provides this link as a service to our website visitors. We are not responsible for the content, views, or privacy policies of this site. 

We take no responsibility for any products or services offered by this site, nor do we endorse or sponsor the information it contains. 

Continue to leave the Needham Bank site.
OR
Stay here to close this message.

  • Home
  • Locations
  • Contact us
  • About
  • Careers
  • Account Support & Safety
  • Privacy Policy
  • TERMS OF USE
Member FDIC Equal Housing Lender Member DIF
© 2023 All rights reserved. Powered by Getfused