M&T Realty Capital Corporation Provides $44.8 Million Loan For Dorchester Development Site

The property asset involved in this transaction is a development site located at 247 Hancock Street, Dorchester, MA. The project is set to create a six-story mixed-income housing building featuring a total of 47 units, with a loan amount of $44,800,000 provided by M&T Realty Capital Corporation. Completion of the building is expected in early 2027 and will include 35 affordable units along with community amenities.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $44,800,000
• Lender: Matt Newton, Daniel Feyock & Robert Nichols - M&T Realty Capital Corporation
• Landlord: Boston Communities; Benjamin Moll & Daniel Moll - Arx Urban

The deal features key individuals such as Benjamin Moll and Daniel Moll of Arx Urban, who are leading the project along with Boston Communities. The lenders involved, Matt Newton, Daniel Feyock, and Robert Nichols, represent M&T Realty Capital Corporation, facilitating the financing for this significant development aimed at enhancing the housing options in the Dorchester neighborhood of Boston.