Chrystal Kornegay Of MassHousing Provides $37.3M Loan For Singing Bridge Residences In Chicopee

The asset involved in this transaction is a development site located in Chicopee, MA, designated for a project named Singing Bridge Residences. This development will feature 105 mixed-income, fully electric rental units, utilizing a portion of the former industrial Facemate site. The financing amount closed for this project is $37,300,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $37,300,000
• Lender: Chrystal Kornegay - MassHousing
• Landlord: Sydney Capital Group LLC & Brisa Builders Development LLC
• Units: 105

The key individuals involved in this transaction include Chrystal Kornegay, representing MassHousing as the lender for the project. Sydney Capital Group LLC and Brisa Builders Development LLC are collaborating as landlords on the Singing Bridge Residences development.