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.
Our partners represented a national bank in structuring the purchase of tax exempt bonds to provide a New Markets Tax Credit leverage loan to finance the development of a community health center in Roxbury, Massachusetts. The financing involved a guaranty from the Health Resources and Services Administration (HRSA).
Our partners represented a consortium of state insurance companies in providing mezzanine financing for the development of Parcel 24 in Boston’ s Chinatown as a 10-story, 95-unit Low Income Housing Tax Credit development with 4,800 square foot of first floor commercial space as part of a mixed income project including a 217-unit market rate rental building, a 135-space underground parking garage and a 13,000 square foot park.