2Life Opus Newton Secures $129M Loan From MassDevelopment For Senior Living Community In Newton

2Life Opus Newton, an affiliate of 2Life Communities, has received a $129 million tax-exempt bond from MassDevelopment to acquire land and construct a senior living community in Newton, Massachusetts. The development site, located at 777 Winchester St, is set to be transformed into a senior living community, providing housing options specifically designed for seniors in the area.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $129,000,000
• Lender: MassDevelopment - Dan Rivera
• Landlord: 2Life Opus Newton
• Loan Type: Acquisition

This loan transaction was facilitated by Dan Rivera from MassDevelopment. MassDevelopment, a financial institution, played a key role in providing the $129 million tax-exempt bond to support the acquisition and construction of the senior living community. The partnership between 2Life Opus Newton and MassDevelopment demonstrates a commitment to meeting the housing needs of seniors in Newton, Massachusetts.