HarborCOV, Chelsea MA
Wainwright Bank & Trust Company (n/k/a Eastern Bank)
Klein Hornig acted as lender’s counsel in this complex tax credit transaction, which involved drafting deal documents for bridge, construction and permanent financing. Our loan documents also had to incorporate two different types of subsidy under the Federal Home Loan Bank of Boston’s Affordable Housing Program – a subsidized advance and a direct subsidy. The borrower was HarborCOV, a Chelsea, MA-based nonprofit organization offering supportive services for victims and survivors of domestic abuse.