Developments > 78 Fairmount Avenue
Earnest money deposit of $56,500 to accompany a purchase and sale agreement plus other predevelopment costs such as an appraisal, a physical inspection and other pre-closing costs which are estimated at $20,000. MHIC is working with the Borrowers to underwrite a mortgage loan of up to a $1,500,000 to help the Borrowers satisfy conditions necessary to assume ownership of a historic mixed-use building at 74-84 Fairmount Avenue in the Hyde Park neighborhood of Boston (aka 78 Fairmount
78 Fairmount Avenue
Project at a Glance:
Location:
Boston
Development Type:
Commercial
MHIC Financing:
$76,500 in debt financing
Sponsor:
Nikia Londy
Number of Units:
4
Date Completed:
4/30/2023
Earnest money deposit of $56,500 to accompany a purchase and sale agreement plus other predevelopment costs such as an appraisal, a physical inspection and other pre-closing costs which are estimated at $20,000. MHIC is working with the Borrowers to underwrite a mortgage loan of up to a $1,500,000 to help the Borrowers satisfy conditions necessary to assume ownership of a historic mixed-use building at 74-84 Fairmount Avenue in the Hyde Park neighborhood of Boston (aka 78 Fairmount