Sponsor: Allston Brighton Community Development Corporation
Loan Approved: April 11, 1997
MHP committed $425,000 in permanent rental financing to help Allston Brighton Community Development Corporation acquire and substantially rehabilitate 60 rental apartments.
TYPE: Rehabilitation.
WHERE: 493-501 (odd numbers) Washington Street, Brighton; 1387 Commonwealth Avenue, Allston.
WHAT: The acquisition and rehabilitation of 60 rental units in two buildings.
MHP FINANCING: A permanent first mortgage loan of $425,000.
FINANCING UPDATE: On November 14, 2008, MHP closed a refinance of the property for $875,000.