TLee Development LLC Secures $4.7M Loan For 18-Unit Multifamily Project In Dorchester | 270 Talbot Avenue | MassHousing | MultiFamily | Loan

Summary

Loan

MASSACHUSETTS

MultiFamily

TLee Development LLC's project at 270 Talbot Avenue in Dorchester, MA has secured a $4.7 million loan. The project aims to construct 18 affordable homeownership units.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $4,700,000
Units: 18
Lender: Chrystal Kornegay & Jeanne Pinado - MassHousing
Landlord: TLee Development LLC

The loan provided by Chrystal Kornegay and Jeanne Pinado of MassHousing supports TLee Development LLC's endeavor to create affordable housing in Dorchester. This initiative will greatly benefit the community by offering homeownership opportunities.

Players

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Lenders
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MassHousing

Details

Deal Summary

FINANCED

IMAGE: Chrystal Kornegay & Jeanne Pinado DATE: 10/24/2023 ADDRESS: 270 Talbot Avenue MARKET: Dorchester, MA ASSET TYPE: Multifamily ~ UNITS: 18 LENDER: Chrystal Kornegay & Jeanne Pinado - MassHousing LANDLORD: TLee Development LLC LOAN AMOUNT: $4,700,000 NOTE: TLee Development LLC's project at 270 Talbot Avenue in Dorchester, aimed at constructing 18 affordable homeownership units, is backed by a $4.7 million loan.

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Address270 Talbot Avenue

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