Sponsor: Allston Brighton CDC
Loan Approved: March 26, 2019
Using its ability to provide the financing solution to fit a borrower's need, MHP refinanced a 2005 20-year loan with a $2.3M 0-year with a 40-year loan at an interest rate of 4.75 percent.
TYPE: Preservation
WHERE: 114-118 Glenville Ave & 10 Long Ave., Allston
WHAT: 59 apartments
AFFORDABILITY: 24 apartments affordable at or below 60% AMI
MHP FINANCING: $2.3M 40-year loan at 4.75%
MORE INFO: News release