Albany Business Review: Homebuilder buys Saratoga County land for $5.8M

Matt Dahl, corporate lending team leader for Pioneer, said the bank had been talking to Michaels Group, which it considers one of its strongest borrowers, about the project for nearly a year.

Pioneer has financed two other further-along projects in Saratoga County by Michaels and Laraway, committing up to $4.5 million in 2020 for a single-family development in Clifton Park and $3.4 million the following year for a townhome project off East High Street in Malta. Both of those developments are being actively marketed, according to Michaels."