Dan Lyons Of Rockport Mortgage Corporation Facilitates $8.7M Loan For Independence Manor II LLC In Braintree

The property asset involved in the transaction is a 50-unit senior housing facility located at 41-53 Independence Avenue in Braintree, MA. The loan closed amounts to $8,700,000, which is aimed at refinancing the property under the ownership of Independence Manor II LLC.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $8,700,000
• Address: 41-53 Independence Avenue
• Market: Braintree, MA
• Lender: Dan Lyons - Rockport Mortgage Corporation via MassHousing
• Landlord: Independence Manor II LLC
• Units: 50

Dan Lyons of Rockport Mortgage Corporation was responsible for arranging the financing through MassHousing’s lending program, facilitating the refinance for Independence Manor II LLC.