Tag: financing
MassHousing Closes on Financing
Boston – MassHousing has closed on $22.8 million in affordable housing financing to the non-profit, Just-A-Start Corporation (JAS), for the construction of 23 affordable apartments and to renovate and preserve the affordability of 65 existing apartment units in Cambridge. MassHousing provided Just-A-Start with an $8.2 million permanent loan, a $13.6 million bridge loan and $1 […]
MassHousing Finances Redevelopment
Boston – MassHousing has closed on $35.8 million in affordable housing to Trinity Financial for the redevelopment of the former Worcester County Courthouse in downtown Worcester. The financing will be used to redevelop the former courthouse into 117 apartments for households across a wide range of incomes, including 45 workforce housing units. The general contractor is […]
Masshousing Financing Helps Seniors
Boston – Senior citizens living at the 200-unit Covenant House I and II housing community in Brighton have had affordable rents extended through 2052 and will see significant property improvements as a result of $44.8 million in MassHousing affordable housing financing to the nonprofit developer B’nai B’rith Housing. As part of the refinancing, a number […]
Orient Heights Phase 2 Underway
Easton, MA – Construction is underway for the second phase of the redevelopment of the Orient Heights public housing community in Easton. MassHousing is supporting the project by providing $26 million in financing to Trinity Financial, Inc. and the East Boston Community Development Corporation, the team redeveloping the site with the Boston Housing Authority. MassHousing supported the first phase […]
Financing Secured for Cambridge Office Building
Cambridge, MA – Urban Spaces, a Cambridge-based commercial real estate development company, has finalized $44 million in permanent financing from People’s United Bank for 121 First, a 60,000sf mixed-use office property fully preleased to CarGurus, a national automotive shopping site. The fixed-rate, long-term financing was arranged by Mike Surprenant, principal at Goedecke & Co. Designed […]
St. Regis Residences Completes Financing
Boston – Cronin Development has completed financing for The St. Regis Residences at 150 Seaport Boulevard, where construction has begun for a luxury condominium tower on Boston’s waterfront. JP Morgan and Mack Real Estate are providing $294 million for the project, which will be built by John Moriarty & Associates. The tower was designed by […]
Rental Housing Facility Gets Financing
Boston – MassDevelopment recently issued a $16,677,252 tax-exempt bond for Wayne at Schuyler LLC, a 74-unit multi-family rental housing facility in Boston’s Dorchester and Roxbury neighborhoods. The financing will preserve all 74 units of affordable housing rented to households earning no more than 60 percent of the area median income. Cruz Development Corporation of Roxbury, […]
MassHousing Closes on $17.1 Million Project
Boston – MassHousing has closed on a total of $17.1 million in financing to an affiliate of Trinity Financial, Inc., for the creation of a new, 102-unit, affordable housing community in Lawrence. Trinity Financial will transform the former Van Brodie Mill into new mixed-income housing within a smart growth district off Broadway, near the border […]
