One Greenway South
$2,000,000 – Construction Financing
Finance construction of 51 income-restricted homeownership condominiums for sale in Boston’s Chinatown neighborhood. One Greenway South will create 51 condominium units, including 21 one-bedroom, 22 two-bedroom and 8 three-bedroom units.
649 Alden Street
Fall River, MA
$600,000 – Acquisition and line of credit
Acquire the 100,000 square foot mill building located at 649 Alden Street for the adaptive reuse of a historic mill complex into 90 units of rental housing near downtown Fall River.
11 Sever Street
$5,025,000 – Acquisition Loan
Acquisition of a 132-unit apartment complex in order to preserve affordability.
Nuestra Comunidad Development Corporation and Windale Developers, Inc.
2565 Washington Street
Boston, MA 02119
$1,316,737- Bridge Loan
Nuestra Comunidad Development Corporation and Windale Developers, Inc., are redeveloping the former MBTA Bartlett Yard as a mixed-use, mixed-income community. When complete, the project will transform 8.6 acres of blighted, contaminated land formerly the MBTA Bartlett Yard in Roxbury’s Dudley Square and provide 38 units of affordable housing.
Benefit: 38 units of affordable housing
586 Mill Street
$513,000- Acquisition Loan
Provide an acquisition loan to enable the borrower to purchase a vacant price of land at 586 Mill Street, Agawam. HAP plans to redevelop the site as a multi-family rental housing development.
Office Condominium at Parcel 25
$1,500,000 – Construction to Permanent Loan
Provide construction and permanent financing for an Office Unit of approximately 27,000 square feet, to be owned and occupied by MBHP.
Rockingham Glen Apartments
$3,000,000 – Mezzanine Loan
Provide a $3,000,000 mezzanine loan to Beacon Communities to help finance the acquisition of Rockingham Glen, a 143-unit, mixed income project for seniors in West Roxbury.
$2,000,000 – Mezzanine Loan
Provide a loan to support the financing of a mixed income, historic renovation of the Ropewalk located in the Charlestown Navy Yard and develop the buildings into 97 rental units.
Centre Street Retail
$2,140,000 – Commercial Loan
Provide a loan to refinance the Centre Street Retail Development and to create 13,000 sq. ft. of space for neighborhood businesses. Tenants include two restaurants, a beauty salon, laundry, veterans’ non-profit service provider, and two health care offices.
$4,921,000 – Mezzanine Loan
Provide loan to support the preservation of affordability for 161 low and very low income seniors and provide a high level of services to a vulnerable population living in Quincy Towers in Chinatown.
121 Main Street
$600,000 – Acquisition Loan
Provide loan to help develop approximately 48 units of housing; at least 30 units which will be affordable to low income residents.
114 Temple Street
$1,000,000 – Acquisition Loan
Provide a loan to acquire the building located at 114 Temple Street to preserve 15 units of affordable housing for youth aging out of foster care.
587 Washington Street
$2,248,482 – Acquisition Loan
Provide acquisition loan for 24 units of affordable housing.
571 Revere Street
$2,275,000 – Site Acquisition Loan
Provide an acquisition loan to redevelop a sixty eight unit mixed-income family rental housing development.
Copyright © 2010-18 The Life Initiative. All Rights Reserved.