Sponsor: Kavanagh Advisory Group, LLC
Loan Approved: March 27, 2012
MHP committed over $2.6 million in financing to help Kavanagh Advisory Group construct 48 affordable rental units in Danvers.
TYPE: New construction.
WHERE: 100 Conifer Hill Drive, Danvers.
WHAT: The new construction of 48 rental units.
AFFORDABILITY: All units will be affordable at 60 percent AMI.
MHP FINANCING: A permanent first mortgage of $2,695,000.
RENTAL INFORMATION: Maloney Properties, 781-943-0200.