Developments > Blue Mountain
MHIC’s financing was used for the refinancing of 18 buildings containing a total of 217 affordable housing rental units located in Dorchester. The purpose of the loan was to prepay a loan where tax credits had reached their 15 year holding period.
Blue Mountain
Project at a Glance:
Location:
Boston
Development Type:
Rental
MHIC Financing:
$10,880,000 in debt financing
Sponsor:
United Housing Management LLC
Number of Units:
217
MHIC’s financing was used for the refinancing of 18 buildings containing a total of 217 affordable housing rental units located in Dorchester. The purpose of the loan was to prepay a loan where tax credits had reached their 15 year holding period.