The $17.3-million purchase was financed by BlueHub Capital, formerly known as Boston Community Capital, using Capital Magnet Funds from the U.S. Department of Treasury, and by Citi Community Capital, using a combination of Affordable Housing Catalyst funds and acquisition bridge debt financing.

Secured on behalf of ASB's Allegiance Real Estate Fund, ASB Real Estate Investments obtained a five-year fixed-rate $100 million loan from Capital One at a 3.478% interest rate for 795 Folsom St.

If you are a developer who has demonstrated both innovation and leadership for adaptive reuse projects, we are seeking nominations to highlight you in our September Real Estate Forum magazine and GlobeSt.ADAPT: OPPORTUNITY ZONES event in September.