POAH Secures $12.6M Financing For 42-Unit Affordable Housing Project In Bourne, MA

POAH has secured $12.6 million in financing from Rockland Trust to construct Cape View Way, a 42-unit affordable housing project in Bourne, MA. The development site is located on Cape View Way in Bourne, MA, and is expected to consist of 42 units. The loan amount provided by Rockland Trust will be used to fund the construction of the affordable housing project.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $12,600,000
• Address: Cape View Way, Bourne, MA
• Market: Bourne, MA
• Lender: Kelly Nguyen - Rockland Trust
• Landlord: POAH

Kelly Nguyen of Rockland Trust played a crucial role as the lender in providing the $12.6 million loan for the construction of Cape View Way. POAH, the landlord, will oversee the development of the 42-unit affordable housing project. The financing secured from Rockland Trust will support the completion of this much-needed housing initiative in Bourne, MA.