THE PROPERTY AND CASUALTY INITIATIVE CLOSES NEW MARKETS TAX CREDIT TRANSACTION

Congratulations to the Property and Casualty Initiative on closing a $4 MM and $6.5 MM loans for the benefit of Community Servings, Inc, a charitable corporation that provides hot meals to area residents with acute life-threatening illnesses, as well as their families and caregivers. This complex transaction, which involved many dedicated parties, will support the improvement and expansion of Community Serving’s location at 18 Marbury Place in Boston. These improvements include the refinancing of debt associated with the earlier acquisition of two adjacent properties, the construction of a 17,400 square foot addition to the current space, and the renovation of 8,000 square feet of the existing building.

This expansion will allow Community Servings to better serve the local community by providing essential care to vulnerable citizens.

Share this post