Projects: Private Financing

Paris Village – East Boston, Massachusetts

Nolan Sheehan Patten represented the developer EBCDC Inc. in connection with the development of 32 units of affordable housing in East Boston.  Financing sources included loans from Citizens Bank, the City of Boston, DHCD, AHT and MHP, together with tax …

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 …

Lowell Community Health Center – Lowell, Massachusetts

Nolan Sheehan Patten represented Community Health Center Capital Fund, Inc. in connection with a $23 million NMTC financing for the Lowell Community Health Center.  The project involved the rehabilitation and adaptive reuse of an approximately 64,000 square foot historic mill

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. …

50 Eliot Street – Milton, Massachusetts

Nolan Sheehan Patten represented Sullivan & Co., Inc. in acquiring and financing of various properties on Eliot Street in Milton.  The $7.2 million dollar loan from Brookline Bank helped fund the 27 unit building which is a mix of market-rate …

Generations Family Health Center – Willimantic, Connecticut

Generations

We worked with our client, Massachusetts Housing Investment Corporation (MHIC), to structure a two-phase financing for the construction of a Federally Qualified Health Center in Willimantic, Connecticut. In the first phase, we created a structure to allow the sponsor, Generations …

The Retreat at Union Pond – East Wareham, Massachusetts

Nolan Sheehan Patten represented The Gatehouse Group, a private developer and property manager of apartment communities, in the acquisition and financing of a three-phase mixed-income multi-family housing project in East Wareham, Massachusetts.  In the first two phases of the project, …

6 Fort Street Apartments – Quincy, Massachusetts

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Nolan Sheehan Patten represented the Massachusetts Housing Investment Corporation in its low-income housing tax credit investment in the 6 Fort Street project developed by the Asian Community Development Corporation.  6 Fort Street is a 34 family rental residential development in …

Inman Square Apartments & CAST II – Cambridge, Massachusetts

Inman Cast II

Nolan Sheehan Patten represented Homeowner’s Rehab, Inc. in the acquisition and financing of two existing “expiring use” properties located in Cambridge, Massachusetts, the affordability of which was preserved by the involvement of Homeowner’s Rehab, Inc.  Inman Square Apartments is a …

Waverley Woods – Belmont, Massachusetts

Waverly

Our attorneys represented Affirmative Investments, Inc. (Affirmative), a Boston-based housing developer, in the construction and permanent financing of Waverley Woods, a multi-family, transit-oriented residential housing complex. The project was built using sustainable design methods throughout its interior, exterior, and landscaping …

Trolley Square Apartments – Cambridge, Massachusetts

Trolley Square

Our attorneys represented Homeowner’s Rehab, Inc., a Cambridge-based non-profit housing developer, in assembling and closing over $13 million in public and private financing from Citizens Bank, the Massachusetts Department of Housing and Community Development, the City of Cambridge, the Cambridge …

The St. Aidan – Brookline, Massachusetts

St. Aidan

Nolan Sheehan Patten represented the Planning Office for Urban Affairs, Inc. on all aspects of the financing and development of the former St. Aidan’s Church into 59 units of mixed-income housing. The historic church building was rehabilitated and two new …

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) …

Putnam Green Apartments – Cambridge, Massachusetts

Putnam

Furthering the transition of a formerly industrial section of Cambridge into a cohesive residential community, Nolan Sheehan Patten represented Homeowner’s Rehab., Inc. (HRI) in utilizing a ground lease structure to acquire and finance this new, 40-unit, affordable housing complex. The …