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LIFE INSURANCE COMMUNITY INVESTMENT INITIATIVE CLOSES $10.1MM LOAN TO FINANCE A MIXED-USE DEVELOPMENT IN WORCESTER

Congratulations to the Life Insurance Community Investment Initiative in closing a $10.1MM loan for the benefit of 92 Grand Street Commons LLC, an affiliate of Main South Community Development Corporation.  The proceeds of the loan will finance the acquisition and development of a mixed-use development known as Grand Street Commons at 92 Grand Street, Worcester, Massachusetts. The project will reclaim a vacant, blighted 95,000 sq ft lot located in Main South’s University Park neighborhood and provide 46 affordable residential [...]

BOSTON PRIVATE BANK & TRUST COMPANY HOSTS DEMYSTIFYING FHA-INSURED MULTIFAMILY FINANCING SEMINAR

On May 24, 2018, Boston Private Bank & Trust Company hosted a seminar on FHA-insured multifamily financing. Kurt James of KJP moderated a panel discussion on leveraging untapped value in housing portfolios through FHA-insured financing. Topics covered in the seminar included the borrower’s perspective on FHA-insured executions, FHA financing basics and the role of the FHA lender, financing options and the role of the bank, the role of the consultant, and legal considerations of FHA-insured financing. The guest [...]

KJP PARTNERS LLP FACILITATES COMPLEX GENERAL PARTNER INTEREST ACQUISITIONS

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 Weston Associates

Congratulations to Weston Associates in closing a federal and state historic tax credit investment in Howard House, a joint venture redevelopment of a historic residential rental housing project with supportive services for homeless veterans in Brockton, Massachusetts.