808 Memorial Drive

LOAN⁠
IMAGE: Chrystal Kornegay⁠
DATE: 08/04/2020⁠
ADDRESS: 808 Memorial Drive⁠
MARKET: Cambridge⁠
ASSET TYPE: Apartment⁠
UNITS: 300⁠
BORROWER: Homeowners Rehab, Inc – Peter Daly⁠
LENDER: MassHousing – Chrystal Kornegay⁠
LOAN AMOUNT: $87,200,000⁠
LOAN TERMS: $61.5 million tax-exempt construction and permanent loan, $24.9 million in taxable and tax-exempt tax credit equity bridge financing, $787,763 interest reduction payment (IRP) loan⁠
BROKER: Wingate Management⁠

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