News & Events

BOSTON PRIVATE BANK CLOSES TAX EXEMPT BOND FINANCING

by | Mar 15, 2018 | Community Development, Featured, News, News & Events, Non-Profit Organizations, Projects, Tax Credit/Bond Transactions

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, Massachusetts and refinance the existing Tax-Exempt and Taxable debt of the YMCA.