Sponsor: Senior Living Residences, LLC
Loan Approved: May 19, 2005
MHP provided $4.44 million in financing to preserve the conversion of a former mill into 85 units for seniors in the Lower Mill section of Dorchester.
TYPE: Preservation
WHERE: 1190 Adams Street, Boston.
WHAT: The preservation of an 85 unit, 105 bed assisted living facility in a renovated and expanded mill building.
AFFORDABILITY: 21 units affordable at 50 percent AMI.
MHP FINANCING: A $4.44 million first mortgage.
RENTAL INFORMATION: Senior Living Residences, 617-298-5656.