NeighborWorks Capital funded a $500,000 predevelopment loan with Codman Square Neighborhood Development Corporation (Codman Square) in February. This predevelopment loan, coupled with the $685,000 acquisition loan, allowed them to refinance their current maturing acquisition debt on properties in Dorchester, Massachusetts. Codman Square is in the process of developing 23 affordable apartments in their effort to assist in revitalizing these neighborhood blocks that are near the commuter rail station.
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Lakes Region Community Developers | Bay Street Apartments
NeighborWorks Capital is pleased to extend a $673,000 construction-to-permanent loan to Lakes Region Community Developers for Bay Street Apartments.