JOHNSON CITY, TN-Boston Capital Finance has closed a permanent loan and a construction loan for Gibson Ridge Apartments, a 100-unit complex in Johnson City, Tennessee. The permanent loan, which has a 24-month term, was from the Boston Capital Long Term Mortgage Fund and the construction loan, which also has a 24-month term, was provided by the Boston Capital Intermediate Term Income Fund.
Gibson Ridge Apartments will have 5 three-story structures offering 8 single-bedroom, 57 double-bedroom and 35 triple-bedroom units. For the full story, go to Boston Business Journal .
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