September 12, 2022 — Boston Capital Finance (BCF) is pleased to announce the closing of a fixed rate forward 9% loan. Parkside Village is a 67 unit to-be-built affordable housing development located in Branford, Connecticut.
“The four story elevator serviced building brings much needed high quality affordable housing to the town of Branford, Connecticut. The development will include a fitness center, wellness office, computer lab and community room. We are thrilled to add this project to our ever growing affordable portfolio. The developer, Beacon Communities, is one of the most successful affordable developers in the nation and we appreciate their business,” said Bill Fazzano, Director of Underwriting and Asset Management.
“Our Boston Capital Long Term Mortgage Fund VI is truly the most unique 9% forward delayed product in the industry. 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 in the industry and further cements our commitment to affordable lending”, 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 financing on properties that have or will obtain low-income housing tax credits. BCF owned and managed by Jack Manning, Kevin Costello, Bill Fazzano and Sean Curry has closed over $3.1 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 firstname.lastname@example.org
Don Phelan 860-614-8650 email@example.com
Bill Fazzano 617-331-4098, firstname.lastname@example.org