MassHousing Provides $7.55M Loan To Affordable Housing & Services Collaborative For Prospect Estates Acquisition | 10 Prospect Street | MassHousing | MultiFamily | Loan

Summary

Loan

MASSACHUSETTS

MultiFamily

MassHousing has closed on $7.55 million in affordable housing financing for the Affordable Housing and Services Collaborative (AHSC) to support the acquisition and renovation of Prospect Estates, a 25-unit affordable housing property in Webster, Massachusetts.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $7,550,000
Units: 25
Address: 10 Prospect Street, Webster, MA
Market: Webster, MA

The lender for this transaction was Chrystal Kornegay from MassHousing. She provided the affordable housing financing for the acquisition and renovation of Prospect Estates. The landlord, Michael J. Mattos, represents the Affordable Housing and Services Collaborative (AHSC) in this deal.

Players

All
1

Lenders
1

MassHousing

Details

Deal Summary

FINANCED

IMAGE: Chrystal Kornegay & Michael J. Mattos DATE: 11/20/2023 ADDRESS: 10 Prospect Street MARKET: Webster, MA ASSET TYPE: Multifamily ~ UNITS: 25 LENDER: Chrystal Kornegay - MassHousing LANDLORD: Michael J. Mattos - Affordable Housing & Services Collaborative LOAN AMOUNT: $7,550,000 LOAN TYPE: Acquisition NOTE: MassHousing has closed on $7.55 million in affordable housing financing for the Affordable Housing and Services Collaborative (AHSC) to support the acquisition and renovation of Prospect Estates, a 25-unit affordable housing property in Webster, Massachusetts.

View on map

Address10 Prospect Street

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.