Sponsor: Pearson Properties LLC
Loan Approved: January 25, 2008
MHP committed $2.2 million to help Pearson Properties LLC create 43 new residential units and rehabilitate 24 units in Pittsfield.
TYPE: New construction and preservation.
WHERE: 80, 103,131 and 140 Bradford Street; 421-429 North Street, Pittsfield.
WHAT: The new construction of 43 units and the substantial rehabilitation of 24 units two adjacent buildings.
AFFORDABILITY: All units are affordable at 60 percent AMI.
MHP FINANCING: $2.2 million in first mortgage financing.
RENTAL INFORMATION: Pearson Properties, 413-464-0621
REFINANCE: This project was refinanced in 2018 with a $2,375,000 FHA Risk Share loan.