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. …

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 …