FINANCED
MassDevelopment Facilitates $39.9M Loan For Affordable Housing Development In Brookline, MA
32 Marion Street
Development Site
Financed 63 days ago
Summary
Loan
MASSACHUSETTS
Development Site
32 Marion Street is a Development Site located in Boston, MA. The property secured a loan amount of $39,900,000 facilitated by Dan Rivera & Yvonne Hao of MassDevelopment for 32 Marion Apartments LLC.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $39,900,000
- Lender: Dan Rivera & Yvonne Hao - MassDevelopment
- Landlord: 32 Marion Apartments LLC
- Address: 32 Marion Street
- Market: Boston, MA
- Asset Type: Development Site
MassDevelopment, represented by Dan Rivera & Yvonne Hao, facilitated a $39.9 million tax-exempt bond issuance for 32 Marion Apartments LLC. The loan is designated to fund the development of 115 units of affordable housing for seniors and individuals with disabilities in Brookline’s Coolidge Corner neighborhood, with construction set to conclude by December 2025.
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Details
FINANCED
IMAGE: Dan Rivera & Yvonne Hao
DATE: 03/06/2024
ADDRESS: 32 Marion Street
MARKET: Boston, MA
ASSET TYPE: Development Site
LENDER: Dan Rivera (@DRivera01843) & Yvonne Hao - MassDevelopment
LANDLORD: 32 Marion Apartments LLC
LOAN AMOUNT: $39,900,000
NOTE: MassDevelopment has facilitated a $39.9 million tax-exempt bond issuance for 32 Marion Apartments LLC, an affiliate of Brookline Housing Authority, to develop 115 units of affordable housing for seniors and individuals with disabilities in Brookline’s Coolidge Corner neighborhood, with construction scheduled for completion in December 2025.
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Address32 Marion Street
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