Beacon Communities Secures $71 Million in Financing for Quincy Towers

by | Feb 13, 2017 | Commercial Real Estate News

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— Commercial Sales, Leasing, Real Estate, Consulting, and Brokering in Quincy, MA serving all the south shore including Quincy, Weymouth, Braintree, Milton, and Boston Massachusetts.

Beacon Communities Secures $71 Million in Financing for Quincy Towers

Beacon Communities secured a $71 million transaction on its Quincy Tower located at 5 Oaks St. W in Boston, MA.

The package included about $43 million of MassHousing taxable and tax-exempt financing, along with state low income housing credits from the Department of Housing and Community Development. Funding was also provided by CIPF and AHTF.

City’s Department of Neighborhood Development provided CDBG and NHT funds. Enhanced Vouchers and…