Forbright Bank Provides $6.4M Loan To Willow Apartments In Lynn, MA

The Willow Apartments, located at 19 Willow St in Lynn, Massachusetts, has secured a $6.4 million loan from Forbright Bank. This multifamily property is part of the U.S. Department of Housing and Urban Development’s Multifamily Acquisition and Refinancing program. The loan was facilitated through Forbright Bank’s new Housing and Urban Development Lending platform, which focuses on supporting sustainable economic development nationwide.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,400,000
• Lender: Forbright Bank - Jonathan Camps

Forbright Bank, a nationwide sustainable economy-focused bank, provided the loan to Willow Apartments in Lynn, Massachusetts. Jonathan Camps, the bank's representative, played a key role in facilitating the transaction. The loan was made possible through Forbright Bank's Housing and Urban Development Lending platform, underscoring the bank's commitment to supporting affordable housing initiatives.