BPDA board-approved 40-unit multifamily development opportunity in Boston’s Hyde Park neighborhood. Located just off River St with access to MBTA transit, neighborhood services, parks, and commuter routes, the project is approved for a 6-story residential building with 19 parking spaces and a family-oriented unit mix of 25 3-bedroom units, 5 2-bedroom units, 5 1-bedroom units, and 5 studio units. The approved program also includes 5 affordable units (13%) in accordance with Boston’s Inclusionary Development Policy. Plans and additional development materials are available upon written request. Rare opportunity to acquire a substantially advanced Boston multifamily development site.
30 Thorn St, Boston, (Hyde Park), MA, 02136
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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