Steve Farley Acquires School In Boston With $25M Loan From MassDevelopment

The school located at 26 Exeter Street in Boston, MA, has been sold for $25,000,000. The buyer, Kingsley Montessori School, Inc., acquired the property with the assistance of a $25 million tax-exempt bond from MassDevelopment, which was financed by Rockland Trust.

Summary of transaction details:

• Property Type: School
• Transaction Amount: $25,000,000
• Buyer: Steve Farley - Kingsley Montessori School, Inc
• Lender: MassDevelopment

Steve Farley, representing Kingsley Montessori School, Inc., facilitated the acquisition of the school property at 26 Exeter Street. The lending institution, MassDevelopment, played a pivotal role in providing the necessary financing for this transaction, ultimately securing the successful purchase of the asset.