Chrystal Kornegay Of MassHousing Provides $25 Million Loan For Dorchester Multifamily Renovation

The asset involved is a multifamily property located at 392 Columbia Road in Dorchester, MA. The loan amount provided for this property transaction is $25,000,000, which has been allocated to finance the consolidation and renovation of two affordable housing properties, Columbia West Apartments and Uphams Corner Market, into a 91-unit complex.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $25,000,000
• Lender: Chrystal Kornegay - MassHousing
• Landlord: Affordable Housing & Services Collaborative Inc

This transaction is facilitated by Chrystal Kornegay representing MassHousing, which is responsible for providing financial support for the renovation project aimed at enhancing affordable housing options in Boston's Dorchester neighborhood.