December 28, 2022 — Boston Capital Finance (BCF) is pleased to announce the closing of another tax- exempt construction to permanent bond.   Park Hill Apartments will be a substantial renovation of four former dormitory buildings into a 154-unit apartment complex located in Denver, Colorado.  The site was formerly a part of the Johnson and Wales Denver Campus and is being developed by Archway Communities, one of the premier affordable developers in Colorado. Founded in 1995, Archway has developed and manages over 1,500 affordable housing units in Denver.  “We are excited to add this project to our growing affordable portfolio.  As a former two-time University of Denver graduate, this is one of the more rewarding projects I’ve work on in my career,” said Bill Fazzano, Director of Underwriting and Asset Management.

“ Park Hill, a $45 million construction bond further cements our commitment to affordable housing lending in Colorado. We have extensive experience in the state, having financed numerous LIHTC bonds and loans over the years. The developer had several financing options but ultimately selected our private placement and borrower focused tax-exempt execution.  A special thanks to S.B. Clark and Companies for the help and hard work on this project,” said Sean Curry, Director of Investments and Originations.

Boston Capital Finance

BCF was founded in 1994 as a wholly owned subsidiary of Boston Capital Corporation and provides construction-to-permanent affordable bond financing as well as fixed rate forward permanent affordable loans via the proprietary Boston Capital Long Term Mortgage Fund VI.  BCF owned and managed by Jack Manning, Kevin Costello, Bill Fazzano and Sean Curry has closed over $3.2 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 781-526-4319, scurry@bostoncapital.com

Bill Fazzano 617-331-4098, bfazzano@bostoncapital.com

Walter Williams 617-694-5182, wwilliams@bostoncapital.com

Don Phelan 860-614-8650, dphelan@bostoncapital.com