October 31, 2024 – Boston Capital Finance (BCF) is pleased to announce the closing of a construction to permanent tax-exempt bond. Stonegate Apartments is a to-be-built dynamic 216-unit affordable housing apartment complex located in Maricopa, Arizona.

Minnesota based Roers Companies is the developer. “We are delighted to be working with the very accomplished Roers Companies on this development.  Maricopa has seen tremendous population growth and Stonegate Apartments is perfectly planned to help with attainable housing in the area” said Sean Curry, Partner and Director of Originations and Investments.  

“The 216-unit multifamily property will be situated on 10.10 acres and consist of eight three-story low-rise buildings and a separate single-story community building with 438 parking spaces.  The project design will allow it to fit well into the surrounding neighborhood” said Bill Fazzano, Partner and Director of Underwriting.

Boston Capital Finance

BCF was founded in 1994 and provides construction-to-permanent financing on properties that have or will obtain low-income housing tax credits.  BCF owned and managed by Jack Manning, Kevin Costello, Bill Fazzano and Sean Curry has closed over $4.1 billion of affordable bonds and loans.  

Have an affordable tax-exempt bond or taxable permanent loan that needs to be financed? Please call:

Sean Curry, Originations and Investments, 781-526-4319 scurry@bostoncapital.com

Walter Williams, Originations, 617-694-5182 wwilliams@bostoncapital.com

Don Phelan, Originations, 860-614-8650 dphelan@bostoncapital.com

Bill Fazzano, Underwriting and Asset Management 617-331-4098, bfazzano@bostoncapital.com