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CBRE/New England Arranges $6.2M Refinancing For Brockton Affordable Housing Community

Jul 18, 2014 | Reprints | Unlock Link | Print

pine homes CBRE/New England has completed a $6.2 million refinance of an affordable housing community in Brockton.

Pine Homes, located at 469 Pine Grove Drive, consists of 14 three-story residential buildings with 114 two- and three-bedroom units. It is part of a 46-building, 402-unit rental community in Brockton.

CBRE/New England arranged the loan for Beacon Communities, and funded it through HUD’s Section 223(f) program.

Common amenities at Pine Homes include an on-site property management office, community space, resident services, pool, computer room, basketball court and onsite daycare center. The property was built in 1972 and was most recently renovated in 1998.

Commercial