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Navjeet Bal Of MassDevelopment Issues $134.8M Loan To Zehra Abid-Wood For Senior Housing Expansion
FINANCED
Massachusetts
See Similar DealsSenior Housing
Financed 07/25/2025
FINANCED
Navjeet Bal Of MassDevelopment Issues $134.8M Loan To Zehra Abid-Wood For Senior Housing Expansion
120 Seminary Avenue
See Similar DealsSenior Housing
Financed 07/25/2025
Summary
MASSACHUSETTS
Asset Type:Senior Housing
Transaction Type:Loan
The asset involved is a senior housing campus located at 120 Seminary Avenue in Auburndale, MA. The property encompasses 1.4 acres, with a loan amount of $134,800,000 assigned for its renovation and expansion. This development aims to upgrade skilled nursing facilities to all-private rooms and to introduce 42 independent living units on the newly acquired site.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $134,800,000
- Lender: Navjeet Bal - MassDevelopment
- Landlord: Zehra Abid-Wood - Lasell Village Inc
The transaction involves significant contributions from both the lender and the landlord, with Navjeet Bal representing MassDevelopment to facilitate the issuance of tax-exempt bonds. Zehra Abid-Wood represents Lasell Village Inc, overseeing the project aimed at enhancing the senior living experience.
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