Congratulations to Boston Private Bank & Trust Company in closing a $27MM loan for the benefit of Young Men's Christian Association of Metro North, Inc. Boston Private purchased tax exempt bonds from Massachusetts Development Finance Agency and made the proceeds from the sale of the bonds available to finance the purchase and construction of a new Lynn YMCA, a project that will construct and furnish a new 68,900 square foot YMCA facility located at 20 Neptune Boulevard in Lynn, [...]
KJP Partners represents a regional non-profit social services organization in negotiating the joint venture acquisition, New Markets Tax Credit financing and development of a mixed use transit oriented project in Roxbury which will include a 27,000 square foot headquarters facility for delivering rental assistance, emergency shelter, economic literacy workshops, housing counseling and other services to low-income families.
Our partners represented a member-based religious non-profit organization in its merger with and into another organization, facilitating the sale of the entity’s real estate, working with the board and constituents to obtain all needed approvals, including the membership and Attorney General’s approval under M.G.L. c. 180, Sec. 8A(c) through the cy pres process, and modification of donor imposed restrictions in order to ensure the proper disposition of assets of the entity.
Our partners represented a local non-profit community development corporation in its successful merger with another community development corporation resulting in the formation of a regional community development organization serving the North Shore, including drafting and negotiation of merger agreements, evaluation of the parties’ portfolios and other diligence, and advising the client with obtaining all needed consents and approvals to effectuate the merger.