Eastern Bank Provides $44 Million Financing For Senior Housing Project In Bethlehem NH

The asset involved in the transaction is senior housing located at 46 Agassiz Street in Bethlehem, NH. The property is part of a four-site affordable senior housing project which includes the rehabilitation of 122 units and the construction of 28 new units aimed at serving moderate-income seniors.

Summary of transation details:

• Property Type: Senior Housing
• Transaction Amount: $44,000,000
• Lender: Eastern Bank
• Landlord: Housing Initiatives of New England Corporation
• Loan Date: 07/16/2026

This transaction involved Eastern Bank providing construction and permanent financing to facilitate the project's development. Housing Initiatives of New England Corporation is the landlord associated with this senior housing initiative, overseeing the project's operational aspects.