November 6, 2024 – Boston Capital Finance (BCF) is pleased to announce the closing of another fixed rate forward taxable affordable loan.  

The very accomplished Raleigh-based developer, Solstice Partners, has started construction on The Doryian, which is a new affordable housing community serving seniors of Troutman, North Carolina.  The Doryian, will be a newly constructed 3-story, elevator-serviced building offering 22 one-bedroom units and 26 two-bedroom units.

“This project will bring much needed high quality, affordable housing to Troutman, North Carolina. We are excited to provide this fixed rate forward permanent loan through our proprietary affordable loan fund.”  said Sean Curry, Partner and Director of Investments and Originations.

“Our Boston Capital Long Term Mortgage Fund VI is a unique 9% forward delayed product.  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,” said Bill Fazzano, Partner and Director of Underwriting and Asset Management.  

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 $4.2 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