February 16, 2021 — In December 2020, Boston Capital Finance (BCF) announced the closing of $32 million in bond financing for a 113-unit affordable apartment complex to be constructed in San Diego, California. The Property will be family-orientated and consist of three multi-story elevator serviced buildings and a one story community / pool building. This project will have apartments set aside from 30% – 60% of Area Medium Income.
Boston Capital Finance
BCF, a wholly owned subsidiary of Boston Capital Corporation, was founded in 1994 and currently provides both construction and permanent financing on properties that have or will obtain low-income housing tax credits. BCF has closed on over $2.4 billion of affordable loans. The group is managed by Bill Fazzano, Sean Curry and Don Phelan (formerly of MassMutual). “BCF has a very competitive 4% bond program which allows us to lend nationally and provide a seamless execution to our borrower partners,” said Kevin Costello Executive Vice President of Boston Capital Finance.
Have an affordable tax-exempt bond that needs to be financed? Please contact us for details: