Camden Hills Villa auction is cancelled

By Susan Mustapich | Aug 09, 2017
Photo by: Susan Mustapich The auction of Camden Hills Villa, a 25-unit independent living facility owned and operated by Joe and Paula Goudreau, has been cancelled.

CAMDEN — The auction of Camden Hills Villa, a 25-unit independent living facility located at 51 Mechanic St., has been cancelled.

The auction had been set for Aug. 16.

The Camden Hills Villa is owned and operated by Joe and Paula Goudreau, who also own the Knox Mill Senior Living Village Apartments.

Joe Goudreau explained in an email Aug. 10, "I was able to work something out with the lender. My residents and employees have been amazing, and I thank them for their patience and belief in me."  He said business is as usual.

Stef Keenan of Keenan Auction Co. confirmed Aug. 9 that the company was told by its client, Camden National Bank, to cancel the auction. Keenan said the potential buyers from across the country and on the East Coast have been notified.

In a July press release, Goudreau said, “We have had a long and good relationship with Camden National Bank and have been working with them for several months about the Villa’s financing." Goudreau added that he was surprised to learn about the auction by reading about it in the media.

At that time, he said, "We expect to satisfactorily resolve our Camden National Bank discussions before mid-August. Meanwhile, the Villa is operating with full services and staff. I believe our residents and their families would tell you that their welfare, comfort and activities have not been affected in any way by this matter."

“We’ve operated the Villa in Camden since 2011, and prior to that our family had been in the senior services business in Bangor for 20 years. Occupancy rates continually change. Last summer, the Villa was at 100 percent," Goudreau said. "The first quarter of 2017, occupancy was down some, but over the past several months we’ve been welcoming many new and returning residents.”

The first floor of the four-story building includes a large gathering hall, lounge and dining room with access to a riverside deck, kitchen, salon and a central elevator. The upper floors contain 25 private rooms, each with a full bath. There are three one-bedroom units and 22 studio units. Each floor has a common kitchenette, laundry room and sitting area. Other features include a security system and climate control thermostats in each room, Internet access, water and mountain views, handicapped-accessible walkways surrounding the property, outdoor sitting areas and parking lot with two parking spaces for each unit.

Camden National Bank filed a notice June 29 of the "mortgagee's sale of real estate, fixtures and tangible and intangible personal property of Camden Hills Villa Inc." for "breach of conditions of the mortgages and for the purpose of foreclosing on the mortgages," with the Knox County Registry of Deeds.

Courier Publications reporter Susan Mustapich can be reached at 236-8511 or by email at smustapich@villagesoup.com.

Comments (2)
Posted by: Mary A McKeever | Aug 10, 2017 15:48

The Camden National Bank of OLD was operated by neighbors and friends living among Camdenites. Now it seems a corporation and not the "Friendly Neighborhood Bank of old. Sad when out- siders take over and abuse some of the native Mainers. I say this with compassion for I once came here from Boston and found myself a "Native Mainer".  I was accepted and  involved myself in the community at large residing in Hope. I placed my roots in the community and became a member of the Congregational Church, my children graduated from Camden High School of old and went on to college by remained within the roots of Camden environments. So it saddens me for the Camden Bank to become a conglomerate with no compassion for Camden Senior Citizens.

Shame on you all!



Posted by: Stephen K Carroll | Aug 10, 2017 08:46

So much for your local home town bank "close to home".  Sad to see them now joining the likes of bank of America and other impersonal corporate giants



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