Boston Capital Finance (BCF) is pleased to announce the closing of a construction to permanent tax-exempt bond.  Fairhaven Glen is a to-be-built 140-unit affordable housing apartment complex located in Charlotte, North Carolina.  

“We have closed numerous bonds and loans in North Carolina and Fairhaven Glen is another example of our commitment to affordable lending in the state.  This property, situated on 16 acres will bring much needed affordable housing options to families in the area.” said Bill Fazzano, Director of Underwriting and Asset Management.  “We are thrilled to be working with Commonwealth Development on this transaction. They selected BCF based on our knowledge of the Charlotte market and certainty of execution delivery.  A special thanks to Dan Kroetz, Jonathan Nesburg and Lisa Wahl for their stewardship of this project.” said Sean Curry, Director of Investments and Originations.

About the Developer

Founded in 2001, Commonwealth’s core focus has been to improve lives and enhance Communities by providing high quality housing that is affordable. Commonwealth is one of the nation’s largest, majority woman-owned affordable housing development companies, with the two principals Kristi Morgan and Chris Jaye having a combined 60 years of tax credit experience.

Additionally, the Commonwealth Companies team consists of highly experienced developers, architectural designers and construction professionals. The uniquely integrated structure enables more experience and resources for team collaboration, problem solving and support throughout all phases of their projects.

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 $3.9 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