Developments > I and R Group Homes IV
The sponsor used this in 1998 loan to refinance 2 ranch-style homes which houses 8 mentally retarded adults. The property is leased to the State Department of Mental Retardation.
I and R Group Homes IV
Project at a Glance:
Location:
Newburyport, Peabody
Development Type:
Rental
MHIC Financing:
$1,059,678 in debt financing
Sponsor:
Interbartolo and Ricupero
Number of Units:
8
The sponsor used this in 1998 loan to refinance 2 ranch-style homes which houses 8 mentally retarded adults. The property is leased to the State Department of Mental Retardation.