MassHousing Grants $6.2M Loan For Affordable Senior Housing In Sandwich, MA

MassHousing has granted $6.2 million in financing to Shawme Heights Apartments, a 44-unit affordable senior housing complex located at 3 Leveridge Lane in Sandwich, Cape Cod. The loan was provided by Chrystal Kornegay, who represents MassHousing as the lender.

Summary of transaction details

• Property Type: Senior Housing
• Transaction Amount: $6,200,000
• Units: 44
• Address: 3 Leveridge Lane, Sandwich, MA
• Market: Sandwich, MA

This financing will support the continued operation and maintenance of Shawme Heights Apartments, ensuring that it remains an affordable senior housing option in the area. The loan will contribute to the overall stability and sustainability of the complex, allowing residents to enjoy quality housing at an affordable cost.