December 8, 2021 — Boston Capital Finance (BCF) is pleased to announce another closing of a construction-to-permanent, tax-exempt bond. Charity House is a to-be-built affordable apartment complex centrally located in downtown Denver, Colorado. The Property will consist of one five-story residential building with a tenant base targeted towards formerly homeless residents.
“Adding Charity House to our growing portfolio made perfect sense. We are very appreciative of the opportunity the Borrower provided to let us finance the project,” said Bill Fazzano, Director of Asset Management and Underwriting. “The Denver market metrics are so strong for this type of affordable multifamily development,” added Don Phelan, Director and special consultant to BCF.
Boston Capital Finance
BCF, a wholly owned subsidiary of Boston Capital Corporation, was founded in 1994 and provides construction-to-permanent financing on properties that have or will obtain low-income housing tax credits. BCF managed by Jack Manning and Kevin Costello has closed over $2.7 billion of affordable bonds and loans.
“We continue to focus efforts on repeat clients while running duel tracks with newer borrower partners and are looking to double efforts in 2022,” said Sean Curry, Director of Investor Relations and Originations.
Have an affordable tax-exempt bond that needs to be financed? Please call: