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Webster Bank And Rockland Trust Provide $31M Construction Financing For FieldHouse Community Center In Dorchester

Property Image
FINANCED
$31,000,000

Massachusetts

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Development Site75,000 SF
Financed
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Property Image
FINANCED

Webster Bank And Rockland Trust Provide $31M Construction Financing For FieldHouse Community Center In Dorchester

301 Mount Vernon Street

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Development Site75,000 SF
Financed
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:Development Site
Price Per Square Foot:$413
Total Square Footage:75000 SF
Transaction Type:Loan

The asset involved in this transaction is a development site located at 301 Mount Vernon Street in Dorchester, Massachusetts. The site spans 75,000 square feet and covers an area of 2.5 acres. The loan amount for this development site is $31,000,000, which is designated for construction purposes.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $31,000,000
  • Market: Dorchester, MA
  • Lender: Webster Bank and Rockland Trust
  • Loan Type: Construction
  • Asset Size: 75,000 SF
  • Asset Acres: 2.5

The loan financing of $31 million was provided collaboratively by Webster Bank and Rockland Trust for the construction of the $75 million FieldHouse+ community center. This partnership illustrates the engagement of both financial entities in supporting community development projects.

Players

Webster Bank
Webster Bank
LENDER
Rockland Trust
Rockland Trust
LENDER

Details

FINANCED
IMAGE: 12/10/2025 ADDRESS: 301 Mount Vernon Street MARKET: Dorchester, MA ASSET TYPE: Development Site ~ SF: 75,000 ~ ACRES: 2.5 LENDER: Webster Bank (@WebsterBank) & Rockland Trust (@Rockland_Trust) LOAN AMOUNT: $31,000,000 LOAN TYPE: Construction NOTE: Webster Bank and Rockland Trust provided $31M in construction financing for the $75M FieldHouse+ community center in Dorchester, Massachusetts.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$31,000,000.00

Monthly NOI$206,666.67
Monthly Debt Service$195,941.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00