Sponsor: Eastland Development Corp.
Loan Approved: April 24, 2008
MHP committed $9.6 million to help Eastland Development Corp. construct 52 rental units in Wellesley.
TYPE: New construction.
WHERE: 62-66 Hastings Street, Wellesley.
WHAT: The new construction of 52 rental units.
AFFORDABILITY: 13 units are affordable at 80 percent AMI.
MHP FINANCING: A permanent first mortgage of $9.6 million.
RENTAL INFORMATION: S-C Management Corp., 617-566-1026.