Sponsor: JK Scanlan Co, Inc.
Loan Approved: August 28, 2012
MHP committed $1.4 million in first mortgage financing to help JK Scanlan Co, Inc. construct 50 new units of senior housing in Paxton.
TYPE: New construction.
WHERE: 260 Grove Street, Paxton.
WHAT: The new construction of 50 residential rental units for seniors.
AFFORDABILITY: All units will be affordable at 60 percent AMI.
MHP FINANCING: A permanent first mortgage of $1.4 million.
RENTAL INFORMATION: http://www.thehillsatpaxtonvillage.com/ or 978-799-3990