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News & Events

BOSTON PRIVATE BANK CLOSES $10MM LOAN TO PROVIDE HOUSING FOR SENIORS IN EVERETT

by | Nov 10, 2020 | Affordable Housing, News & Events, Projects

Congratulations to Boston Private Bank & Trust Company in closing a $10MM loan for the benefit of St. Therese 9% LLC, an affiliate of The Neighborhood Developers, Inc. The proceeds of the loan will finance the acquisition of 787-801 Broadway, Everett, Massachusetts and the construction of the 9% Residential Unit of the St. Therese Condominium. The 9% Residential Unit will provide 44 units of affordable rental housing to the seniors of Everett, Massachusetts.

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...