Sponsor: EA Fish Development Inc.
Loan Approved: April 16, 2014
MHP committed $1.8 in permanent rental financing to help EA Fish Development Inc. construct 55 new affordable rental apartments on the site of a former manufacturing building in Gardner. This project is also known as Heywood Wakefield IV in reference to the furniture factory that once operated there.
TYPE: Adaptive reuse.
WHERE: 30 Pine Street in Gardner.
WHAT: Former furniture factory transformed into 55 rental units.
AFFORDABILITY: All units affordable at 60 percent AMI.
MHP FINANCING: A $1.8 million first mortgage.
RENTAL INFORMATION: Peabody Properties, Inc., (781) 794-1000.