January 10, 2022 — Boston Capital Finance (BCF) is pleased to announce another funding of a permanent, tax-exempt bond. Baptist Terrace is a fourteen-story, fully leased, 197-unit affordable housing apartment building centrally located in downtown Orlando, Florida. The project is a senior tenant-based complex located near numerous retail, dining and grocery store options. The Developer has owned the project since 1969. This re-syndication allowed for a rehabilitation to the existing building resulting in high-quality improvements to the finished product.
“The $21.5 million funding of Baptist Terrace is another fantastic addition to our growing portfolio,” said Sean Curry, Director of Investments and Originations. “I’m so pleased to have worked on this transaction with partners I have known much of my career” 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 owned and managed by Jack Manning and Kevin Costello has closed over $2.7 billion of affordable bonds and loans.
Have an affordable tax-exempt bond that needs to be financed? Please call: