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wbjournal.com | November 2, 2026 | Worcester Business Journal 7 a proposed sale of a small parcel to a neighboring family that previously sued over the land. e former college in Paxton received six bids by its Oct. 9 dead- line, but only three met the court-ap- proved bidding requirements, accord- ing to an Oct. 19 bankruptcy filing. Aer consulting with Citizens Bank and its unsecured creditors committee, Anna Maria rejected two qualified offers: One required an ex- pensive, time-consuming subdivision process that had not begun, while the other offered a per-acre price below what the college believed it could achieve, the school said. e remaining qualified bid covered the 2.4-acre parcel, which had already undergone a land-divi- sion process, according to the filing. Neither rejected offer included that parcel, leaving no competing bids to resolve at the Oct. 20 auction. David and Elaina Roy were desig- nated the successful bidders, accord- ing to an Oct. 22 filing. e Roys and their son sued Anna Maria in Worcester Superior Court in June 2025, alleging college leaders had promised to give them the land in 2023. eir complaint says they planned to build a retirement home beside their existing Streeter Road property, but college officials later said they could not gi the land. Anna Maria disputed the family's claim in bankruptcy proceedings. e proposed sale is expected to generate $175,000 for the college but still requires bankruptcy court approval. e college argued that the cash benefit outweighed the potential downside of excluding the parcel from a future campus transaction. Meanwhile, Anna Maria said multiple prospective buyers remain interested in its property but need more time to address due diligence, permitting, zoning and financing concerns. Its holdings include more than 260 acres of campus and surrounding undeveloped land. e college is discussing options with Citizens and the creditors committee. W Philip Purcell, Vice President, Commercial Lending Ana Hoyler, Assistant Vice President, Commercial Lending Whether you're buying your first multi-unit property or growing your portfolio, All One Credit Union is here to help with all your needs. Our experienced commercial lending team provides flexible loans and lines of credit designed for investment properties, from triple-deckers to larger multi-family buildings. With competitive rates, terms up to 25 years, and financing for up to 75% of the property's value, we make smart real estate investments happen. Call 800-649-4646 or email CommercialLending@all-onecu.com to learn more. (800) 649-4646 | all-onecu.com Leominster | Clinton | Holden | North Leominster | Sterling | Worcester NMLS# 517287 All your investment property plans. One credit union can make them a reality. Impact of interest rates After years of elevated interest rates, borrowing costs remain a significant consideration for businesses looking to invest in new equipment, technology or facilities. Companies must weigh the cost of financing against the potential returns, raising a critical question: Is it better to borrow, lease or wait until financing becomes more affordable? Given the high interest rates, is your company borrowing, leasing or waiting on capital investments? 14% Leasing 72% Waiting continued from page 5 14% Borrowing