Sponsor: Criterion Development Partners, LLC
Loan Approved: February 21, 2006
MHP provided a $22 million loan through its Fannie Mae Participation Loan Program for the financing of 159 units in Canton.
TYPE: New construction.
WHERE: 1095 Turnpike Road, Canton.
WHAT: The new construction of 160 rental units in three buildings.
AFFORDABILITY: Of the 160 units, 40 will be affordable at 80 percent AMI.
MHP FINANCING: A $22 million long-term loan through MHP’s Fannie Mae Participation Loan Program.
RENTAL INFORMATION: Lincoln Property Company or 781-285-3104.