MassHousing Provides $26.9M Loan For Industrial Property In Lawrence, MA

Located at 608 Broadway in Lawrence, MA, this industrial property has recently undergone a significant financial transaction. The property, owned by Trinity Financial, caught the attention of masshousing''>MassHousing, who provided the necessary loan for the deal.

Summary of transaction details

• Property Type: Industrial
• Loan Amount: $26,900,000
• Loan Type: $2.3 million permanent loan, $22.5 million in bridge loan financing, and $2.1 million in funding from the Agency’s Workforce Housing Initiative
• Lender: Chrystal Kornegay of MassHousing
• Landlord: Trinity Financial
• Market: Lawrence, MA

The loan provided by MassHousing, led by Chrystal Kornegay, encompasses a total amount of $26,900,000. This includes $2.3 million in permanent loan financing, $22.5 million in bridge loan financing, and an additional $2.1 million from the Agency’s Workforce Housing Initiative. Trinity Financial, the property's landlord, was involved in the transaction, which took place in Lawrence, MA.