Matthew K. Finkle Secures $94M Loan For Multifamily Property In Lowell

The multifamily property located at 1309-1371 Pawtucket Boulevard in Lowell, MA consists of 432 units. The loan for this property was secured for $94,000,000 by Matthew K. Finkle through MassHousing and Rockport Mortgage Corporation. The landlord, Matthew K. Finkle of Related Affordable, facilitated the financing to preserve affordable rents and undertake approximately $20 million in property improvements at Westminster Village Arms.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $94,000,000
• Lender: Matthew K. Finkle - MassHousing & Rockport Mortgage Corporation
• Landlord: Matthew K. Finkle - Related Affordable
• Address: 1309-1371 Pawtucket Boulevard
• Market: Lowell, MA
• Units: 432

Chrystal Kornegay also played a significant role in the financing process along with Related Affordable and Rockport Mortgage Corporation. The collaboration between these entities demonstrates a commitment to maintaining affordable housing options in the Lowell area. The partnership's efforts highlight a dedication to preserving the community's affordability while investing in property enhancements for the residents' benefit.