Sponsor: Kavanagh Advisory Group, LLC
Loan Approved: July 24, 2012
MHP committed $2.53 million to help construct the second phase of a 90-unit affordable housing complex in Danvers. This phase includes 42 affordable rental units.
TYPE: New construction.
WHERE: 121 Conifer Hill Drive, Danvers.
WHAT: The new construction of 42 affordable rental units.
AFFORDABILITY: All units will be affordable at or below 60 percent AMI.
MHP FINANCING: A permanent first mortgage of $2.53 million.
RENTAL INFORMATION: Maloney Properties, 781-943-0200.