February 12, 2026 – Boston Capital Finance is pleased to announce the closing of another fixed rate forward taxable affordable permanent loan.  

The multifamily development, Franklin Falls Apartments, is a to-be-built rent-restricted apartment building in Franklin, North Carolina.  Franklin Falls Apartments will provide 60, one-, two-, and three-bedroom affordable units for households earning no more than 60% of the area median income.  The development will include a community center with a multipurpose room, computer room, management office, and laundry room as well as outdoor spaces.

“We are thrilled to again be working with Solstice Partners LLC on another multifamily financing.   Quality affordable housing is in great need in North Carolina, and Franklin Falls Apartments is perfectly designed to aid in that regard,” said Sean Curry, Partner, and Director of Investments and Originations.  

Partner and Director of Underwriting Bill Fazzano remarked, “We have closed numerous 4% bonds and 9% loans in the state of North Carolina and are pleased to add this property to our growing Carolinas portfolio.”

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 $4.7 billion of affordable bonds and loans.  For more information, please visit our website at www.bostoncapital.com.

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

Sean Curry, Investments and Originations, 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, 617-331-4098, bfazzano@bostoncapital.com