Sponsor: Eastland Development Corp.
Loan Approved: October 10, 2018
MHP provided a $10 million Fannie Mae loan to refinance 52 mixed-income apartments in Wellesley.
TYPE: Preservation
WHERE: 62-66 Hasting St., Wellesley
WHAT: Refinance of 52 apartments
AFFORDABILITY: 13 apartments affordable at 80% AMI
MHP FINANCING: $10 million Fannie Mae loan