Sponsor: Steven and Sylvian Lebel
Loan Approved: March 13, 2001
MHP provided $592,000 in financing to help Steven and Sylvian Lebel preserve 21 apartments in Lawrence.
TYPE: Preservation
WHERE: 540, 572 & 574 Essex Street, Lawrence.
WHAT: The preservation of 21 apartments.
AFFORDABILITY: Of the 20 units, 11 are affordable at 60 percent AMI.
MHP FINANCING: A $364,000 first mortgage and a $228,000 deferred-payment second mortgage.
RENTAL INFORMATION: Steven Lebel, 603-635-8124.