From predevelopment to construction and fit-up, MassDevelopment provides financing for real estate projects at every stage. We also help transform blighted and abandoned properties into high demand commercial and residential developments. And in key locations around the state, we own and manage properties for a variety of uses.
Real Estate Planning and Development Services
At MassDevelopment, we can provide technical assistance to supplement local resources in the following areas:
- Market feasibility analysis
- Site planning
- Consulting services, including construction oversight, infrastructure design, and brownfields oversight
- 43D Priority Development Sites
- Urban Land Institute Technical Assistance Panels
- Strategic analysis and consensus building
- Permitting/approvals process management
- Project management
- Financial analysis
- Selection and management of consultants
- RFP development/process management
Site Readiness Program
The Site Readiness Program aims to boost the Commonwealth’s inventory of large, well-located, project-ready sites; accelerate private-sector investment in industrial and commercial projects; and support the conversion of abandoned sites and obsolete facilities into clean, actively-used, tax-generating properties.
The Brownfields Redevelopment Fund
This fund provides up to $100,000 for assessment of brownfields properties in Economically Distressed Areas (EDAs). You can also get loans with flexible terms up to $500,000 to clean up contaminated sites.
These are low interest rate loans up to $100,000 with deferred repayment terms to finance predevelopment real estate projects.
Commercial Real Estate Financing
Real Estate Loans
We offer loans and bank loan participations up to $7,500,000 for facility acquisition, renovation, construction, expansion, and permanent financing.
Mortgage Insurance Guarantees
MassDevelopment can issue a guarantee to your bank, allowing you to receive a higher advance rate on a real estate loan. The maximum guarantee is $2,000,000.
Public Infrastructure Financing
Tax-Exempt Bonds for Public Infrastructure
We issue tax-exempt bonds for improvements to roadways, sidewalks, parks, parking garages, bridges, tunnels, wharves, and a range of public facilities. Infrastructure programs that use our tax-exempt financing include:
- Infrastructure Investment Incentive Act (I-Cubed or I3)
- District Improvement Financing (DIF)
- Special assessments