facebook
Traded Co logo
Submit a Deal

MassHousing Provides $26.9M Loan For Industrial Property In Lawrence, MA

608 Broadway
PointingArrow
Share

This Industrial property located in MA received a loan of $26,900,000 about 2 years ago.

Located at 608 Broadway in Lawrence, MA, this industrial property has recently undergone a significant financial transaction. The property, owned by Trinity Financial, caught the attention of masshousing''>MassHousing, who provided the necessary loan for the deal.

Summary of transaction details

  • Property Type: Industrial
  • Loan Amount: $26,900,000
  • Loan Type: $2.3 million permanent loan, $22.5 million in bridge loan financing, and $2.1 million in funding from the Agency’s Workforce Housing Initiative
  • Lender: Chrystal Kornegay of MassHousing
  • Landlord: Trinity Financial
  • Market: Lawrence, MA

The loan provided by MassHousing, led by Chrystal Kornegay, encompasses a total amount of $26,900,000. This includes $2.3 million in permanent loan financing, $22.5 million in bridge loan financing, and an additional $2.1 million from the Agency’s Workforce Housing Initiative. Trinity Financial, the property's landlord, was involved in the transaction, which took place in Lawrence, MA.

View Related

Deals
  • Location
    608 Broadway, Lawrence, Massachusetts 01841, United States608 Broadway, Lawrence, Massachusetts 01841, United States
  • Loan Value
    $26,900,000$26,900,000
  • Asset Type
    IndustrialIndustrial
  • Parties
    1 Lender1 Lender

MassHousing

MassHousing

Lender
Deals62
Volume$ 0

Social

Deal Summary

LOAN IMAGE: Chrystal Kornegay DATE: 01/03/2022 ADDRESS: 608 Broadway MARKET: Lawrence, MA ASSET TYPE: Industrial LENDER: MassHousing - Chrystal Kornegay LANDLORD: Trinity Financial LOAN AMOUNT: $26,900,000 LOAN TYPE: $2.3 million permanent loan, $22.5 million in bridge loan financing, and $2.1 million in funding from the Agency’s Workforce Housing Initiative

Comparables


We could not find what you were looking for, try a different filter
  • Social

  • Comparables

  • Share


  • Login to Suggest Edits