July 31, 2025 – Boston Capital Finance is pleased to announce the closing of another fixed rate forward taxable affordable permanent loan.   

The development, Gatewood Way, is a to-be-built rent-restricted apartment building in Washington, North Carolina. Gatewood Way 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 GDE Holdings LLC on another multifamily financing transaction.   Quality affordable housing is in great need in North Carolina, and Gatewood Way 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

Boston Capital Finance is a Boston, Massachusetts based boutique affordable lender with offices in Charleston, South Carolina and Phoenix Arizona.  Founded in 1994 the firm provides construction-to-permanent financing on properties that have or will obtain low-income housing tax credits.  The firm is owned and managed by Jack Manning, Kevin Costello, Bill Fazzano and Sean Curry and has closed over $4.5 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 617-331-4098, bfazzano@bostoncapital.com