Sponsor: MDP Development LLC
Loan Approved: January 10, 2012
MHP committed $9.35 million in first mortgage financing to create 105 rental units in a former mill building in the first part of a 2-part project.
TYPE: Adaptive reuse.
WHERE: 245 River Street, Fitchburg.
WHAT: The first phase of a two phase adaptive reuse of a historic mill building into 105 residential rental units.
AFFORDABILITY: 27 units will be affordable at 80 percent AMI.
MHP FINANCING: A permanent first mortgage of $9.35 million.
RENTAL INFORMATION: MDP Development LLC, 603-886-5021 or http://www.riversidecommons.net