New Garden Park Secures $4M Loan From Rockland Trust For Greendale Revitalization Initiative

New Garden Park, Inc, a subsidiary of Worcester Business Development Corp. (WBDC), has recently secured $4 million in funding from Rockland Trust to kickstart the Greendale Revitalization Initiative. The loan will be used to support the development of a development site located at 321 W Boylston St in Worcester, MA. This strategic investment aims to rejuvenate the surrounding area and promote economic growth.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $4,000,000
• Lender: Rockland Trust - Eric Goodwine
• Landlord: New Garden Park, Inc
• Address: 321 W Boylston St, Worcester, MA
• Market: Worcester, MA

As part of the loan agreement, Rockland Trust, represented by Eric Goodwine, will provide the necessary financial support for New Garden Park's ambitious Greendale Revitalization Initiative. This endeavor is expected to have a positive impact on the local community by creating new opportunities, enhancing the property, and attracting potential businesses and residents to the area.