Wollaston Lutheran Housing Corp’s $28.9 Million Refinancing

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

Wollaston Lutheran Housing refinanced a $28.9 million, 40-year MassHousing loan for Town Brook House, a 151-unit elderly affordable housing development in Quincy, Massachusetts. MassHousing is a quasi-public agency that provides financing for affordable housing. Proceeds of the loan will allow Wollaston Lutheran Housing to maintain the property and also allow it to expand services in its community. As part of the transaction, Wollaston Lutheran Housing leased two parking areas to an adjacent business.

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