Tag: loan
$75M Loan Secured for New Boston Hotel
Providence, RI – Citizens Commercial Banking announced that its commercial real estate finance team is providing a $75 million loan to Haymarket Parcel 9 Investors, LLC, whose sponsors are Boston-based CV Properties, New York-based Olshan Properties and Boston-based Harbinger Development, for the construction of a canopy by Hilton Hotel on the Rose Kennedy Greenway in […]
Cambridge Affordable Housing Financed
Cambridge, MA – MassHousing has closed on $17.6 million in financing to Just-A-Start Corporation for the renovation and preservation of affordability at the Close Building in Cambridge. The financing will allow Just-A-Start to preserve affordability at all 61 apartments at the Close Building for at least 30 years. Affordability restrictions at the property had expired in 2016, […]
Small Business Loan Program Launched
Fall River, MA – MassDevelopment today announced the new Small Business Innovation Research (SBIR) Bridge Loan Program from the Agency’s Emerging Technology Fund (ETF). The SBIR Bridge Loan Program provides bridge financing to Massachusetts recipients of SBIR grants, which are federal grants that provide small businesses with funding for research and development of cutting-edge technologies. SBIR grant recipients […]
MassDev Funds Cox Engineering Expansion
Randolph, MA – MassDevelopment has issued a $6.3 million tax-exempt bond for Cox Engineering Company and related affiliates, a Canton business that designs, fabricates, and installs HVAC piping and sheet metal ductwork. Cox Engineering will use bond proceeds to buy and renovate a 73,000-square-foot building in Randolph for manufacturing. The company will also use proceeds […]
MLSC Announces New Round of Accelerator Program Loans
Waltham, MA – The Massachusetts Life Sciences Center (MLSC), a quasipublic agency charged with implementing the state’s 10-year, $1-billion Life Sciences Initiative, announced the awarding of $3 million in Accelerator Program loans to three early-stage life sciences companies. The new companies that have been authorized to receive Accelerator loans (pending additional due diligence by MLSC […]
Developer Builds Patriot Homes for Low-Income Vets with MassDev Loan
South Boston – MassDevelopment recently issued a $6.2 million tax-exempt bond on behalf of South Boston Veterans Housing LLC, a joint venture between Caritas Communities and the South Boston Neighborhood Development Corporation. The organizations will use bond proceeds to build Patriot Homes, 24 new rental apartment units in South Boston for low-income veterans. Radius Bank purchased […]
Local Developer to Transform Leominster Mill with $5M MassDev Loan
Leominster, MA – MassDevelopment has provided a $5 million loan to The Lofts at City Place LLC, which will use the proceeds to rehabilitate an abandoned mill building in downtown Leominster. Local developer Jim Whitney will convert the 88,000sft, two-story building at 108 Adams Street into 51 units of market-rate housing. The building’s first floor will […]
