Projects: Private Lender

Artists for Humanity – Boston, Massachusetts

Nolan Sheehan Patten represented MassDevelopment in connection with an $11 million NMTC financing for the expansion of the Artists for Humanity headquarters.  Bank of America was the investor and this project qualified using the targeted populations regulations.  Artists for Humanity …

Winchester Place – Colchester, Vermont

Nolan Sheehan Patten represented the investor, Green Mountain Housing Equity Fund VII, in connection with the rehabilitation of a residential housing development consisting of multiple buildings called Winchester Place in Colchester, Vermont.  Utilizing both the low-income housing tax credit and …

Gateway Residences on Washington – Lynn, Massachusetts

Lynn Rendering

Nolan Sheehan Patten represented Washington Gateway Associates Limited Partnership and Hub Holdings LLC in the acquisition and construction financing of the first Workforce Housing Opportunity Fund project in the Commonwealth.  The Workforce Housing Opportunity Fund is a program of Massachusetts …

Developer Line of Credit – Connecticut, Rhode Island and New York

Nolan Sheehan Patten represented a lender in connection with a $2 million line of credit to a developer to support its pipeline of affordable housing projects.  The developer will use the line of credit to finance pre-development costs and bridge …

Chapman Arms – Cambridge, Massachusetts

Chapman Arms Large

Our attorneys represented Homeowner’s Rehab, Inc., a Cambridge-based non-profit housing developer, in the acquisition and financing of Chapman Arms, a 50-unit building with 10,000 square feet of commercial space located in Harvard Square ground-leased from Harvard University.  Homeowner’s Rehab, Inc. …

Community Health and Social Services Center – Detroit, Michigan

CHASS

Community Health and Social Services Center

Nolan Sheehan Patten represented Capital Link, Inc. in obtaining a full recourse loan from The Kresge Foundation, and thereafter utilizing the proceeds to provide an upper-tier loan to the Community Health and Social Services …

Boston Youth Hostel – Boston, Massachusetts

Boston Youth Hostel

Boston Youth Hostel

Nolan Sheehan Patten represented two of the three community development entities (CDEs) in this $36 million financing which combined the New Markets Tax Credit and Historic Tax Credit programs. We advised both Massachusetts Housing Investment Corporation (MHIC) …