Wollaston Lutheran Housing Corp’s $19.9 Million FHA-insured Loan

Nixon Peabody LLP advised Wollaston Lutheran Housing Corporation on the deal.

Wollaston Lutheran Housing closed on a $19.9 million, FHA-insured loan on its 152-unit Fenno House affordable housing property, also located in Quincy. The Fenno House loan will allow for a substantial rehabilitation of the property, which was built in 1973. The loan was originated and underwritten by Hampden Park Capital and made by ORIX Real Estate Capital. The U.S. Department of Housing and Urban Development is providing mortgage insurance, and Curtis Construction Company is providing general contracting services.

The Nixon Peabody team was led by Jeffrey Sacks (Picture) and also included Ali Walendziak, Alexander Rosso and Anthony Ruvolo.

Involved fees earner: Alexander Rosso – Nixon Peabody LLP; Anthony Ruvolo – Nixon Peabody LLP; Jeffrey Sacks – Nixon Peabody LLP; Ali Walendziak – Nixon Peabody LLP;

Law Firms: Nixon Peabody LLP;

Clients: Wollaston Lutheran Housing Corp.;

Author: Ambrogio Visconti