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52 New Street
FINANCED

Chrystal Kornegay Of MassHousing Finances Affordable Housing Project In Cambridge For $41.6M

52 New Street

Development Site
clock iconFinanced 46 days ago
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Summary

Loan
MASSACHUSETTS
Development Site

The property at 52 New Street in Cambridge, MA is a development site for a 106-unit affordable housing project. MassHousing, represented by Chrystal Kornegay, is providing financing for this project. The loan amount for this development is $41.6 million, comprising a $15.4 million permanent loan and $24.7 million in tax credit equity bridge financing.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $41,600,000
  • Lender: Chrystal Kornegay - MassHousing
  • Landlord: Just A Start
  • Units: 106

Chrystal Kornegay from MassHousing is facilitating the financing of the 106-unit affordable housing project at 52 New Street in Cambridge. Just A Start is the landlord overseeing this development, ensuring the creation of valuable and much-needed housing units in the area.

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MassHousing
MassHousing

Details

Deal Summary
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FINANCED
IMAGE: Chrystal Kornegay DATE: 06/04/2024 ADDRESS: 52 New Street MARKET: Cambridge, MA ASSET TYPE: Development Site ~ UNITS: 106 LENDER: Chrystal Kornegay - MassHousing LANDLORD: Just A Start LOAN AMOUNT: $41,600,000 NOTE: MassHousing is financing a 106-unit affordable housing project at 52 New St. in Cambridge with $41.6 million, including a $15.4 million permanent loan and $24.7 million in tax credit equity bridge financing.

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Address52 New Street

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