March 5, 2025 – Boston Capital Finance (BCF) is pleased to announce the closing of another fixed rate forward taxable affordable permanent loan.  

The development, Heritage Estates at Valley Ridge, a new three-story construction apartment complex located in Lewisville, Texas will house 92 affordable units serving seniors at 30%-60% AMI.  Common area amenities include a club room, fitness center, yoga center and activity center.  The development also includes a dog walking park and outdoor sitting area.

“We are thrilled to be working with Hill Tide Partners and Generation Housing Partners on this transaction.   Quality affordable housing is in great need in Lewisville and Heritage Estates at Valley Ridge 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, “Our Boston Capital Long Term Mortgage Fund VI is a unique 9% forward delayed product.  This non-agency, private placement, 40-year amortizing loan product can be paired with any equity investment and construction loan of a developer’s choosing.  It allows for a best-in-class execution coupled with superior terms.”

Boston Capital Finance

BCF is a Boston, Massachusetts based boutique affordable lender with offices in Charleston, South Carolina and Phoenix Arizona.  BCF founded in 1994 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 has closed over $4.3 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