MassHousing Provides $49M Construction Financing For Springfield Hotel

The property asset involved in this transaction is a hotel located at 31 Elm St in Springfield, MA. The loan for this property was provided by masshousing''>MassHousing for a total amount of $49,000,000. The loan type is construction financing. The landlord for this property is WinnDevelopment & Opal Real Estate.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $49,000,000
• Loan Type: Construction financing
• Address: 31 Elm St, Springfield, MA
• Lender: MassHousing
• Landlord: WinnDevelopment & Opal Real Estate

The deal's key individuals and companies involved in this transaction include the lender, MassHousing, and the landlord, WinnDevelopment & Opal Real Estate.