Congratulations to Eastern Bank in closing a $2.2MM loan for the benefit of Neighborhood Housing Services of the South Shore, Inc. The proceeds of the loan will finance the construction of Lower Winter Street Apartments at 54 Winter Street (aka 54-64 Winter Street), Quincy, Massachusetts. Lower Winter Street Apartments will provide 18 supportive housing units for individuals who are either homeless or at extreme risk of homelessness in the City of Quincy.
Congratulations to Boston Private Bank & Trust Company in closing a $2,000,000 loan for the benefit of Reconnecting McDowell, Inc. The proceeds of the loan will finance the construction of a 27,776 square foot mixed-use residential and office building including 16 affordable housing units at 9 Wyoming Street, Welch, West Virginia. These 16 units will provide housing for local public school teachers, allowing them to live in the communities they serve.
Congratulations to the fantastic team involved in completing the prodigious closing of 19 General Partner Interest acquisitions, relating to 19 separate affordable housing multi-family complexes spanning three states. Bellemont Gardens, Campbell Place, Carlyle Place, Columbus Heights Subdivision, The Gates at Biloxi, The Gates at Coralbay, The Gates at Riverchase, The Grove Apartments, Hallmark Gardens, Hargrove Estates, Holly Hills, Lakeview Subdivision, Meadowbrook Subdivision, Northbrook Apartments, Oak Ridge Apartments, Point Place Apartments, Stratford Manor, Valley Park Subdivision, and Windsor Place serve their [...]
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, [...]
Our partners represented a national bank in creating a taxable loan for a local food service organization to finance, acquire and develop a facility which prepares and delivers meals to individuals and families who are homebound and living with critical and chronic illnesses.
Our partners represented a consortium of state insurance companies in providing a New Markets Tax Credit leverage loan to finance the development of a community health center in Allston, Massachusetts. The financing involved a guaranty from the Health Resources and Services Administration (HRSA).
Our partners represented a national bank in providing taxable and tax exempt bond financing for various loans leveraging New Markets Tax Credits and Federal Historic Tax Credits to finance three campus facilities for students grades K-8 in Mattapan, Roslindale and Jamaica Plain.
Our partners represented a national bank in providing tax exempt bond financing for the acquisition, financing and redevelopment of a 30,000 square foot campus building focusing on media and technology for students grade 9-12 in Allston, Massachusetts. This was one of the first facilities in Boston to utilize Qualified Zone Academy Bonds.