MDP Development
Loan Approved: July 5, 2018
MHP committed to a $6 million permanent first mortgage to create 81 units in a former mill building as the second part of a 2-part project.
TYPE: Adaptive reuse.
WHERE: 245 River Street, Fitchburg.
WHAT: The second phase of a two phase adaptive reuse of a historic mill building into 81 residential rental units.
AFFORDABILITY: 11 units will be affordable at 65 percent AMI.
MHP FINANCING: A permanent first mortgage of $6 million.
RENTAL INFORMATION: MDP Development LLC, 603-886-5021 or http://www.riversidecommons.net