News & Events

THE PROPERTY AND CASUALTY INITIATIVE CLOSES NEW MARKETS TAX CREDIT TRANSACTION

by | Jul 25, 2018 | Healthy Foods, News, News & Events

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.

GROUNDBREAKING CEREMONY FOR HAYWOOD HOUSE

Congratulations to the Newton Housing Authority on the ceremonial groundbreaking for Haywood House, a 55-unit affordable residential building for seniors at 111 JFK Circle Newton, Massachusetts. On April 27, 2021, the following lenders provided loans in the aggregate...

MARION VILLAGE ESTATES REFINANCES FHA-INSURED AFFORDABLE HOUSING

Congratulations to Marion Village Estates LLC in closing a $3,832,200.00 loan from ORIX Real Estate Capital, LLC in order to refinance the property at Front Street in Marion, Massachusetts. Marion Village Estates provides 60 units of affordable rental housing to the...

GROUNDBREAKING CEREMONY FOR DRACUT CENTRE SCHOOL

Congratulations to Coalition for a Better Acre, Inc. on the ceremonial groundbreaking for Dracut Centre School, a new 9-unit affordable residential building in the historic school building at 11 Spring Park Avenue, Dracut, Massachusetts. On April 15, 2021, Coalition...

EASTERN BANK CLOSES TAX EXEMPT MULTIFAMILY HOUSING BOND FINANCING

Congratulations to Eastern Bank in closing a $10.5MM loan for the benefit of Cabot Housing LLC, an affiliate of the Young Men’s Christian Association of the North Shore, Inc. Eastern Bank purchased tax exempt bonds from Massachusetts Development Finance Agency and...