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MassDevelopment

Mansfield Music & Arts Society

The Mansfield Music & Arts Society (MMAS) is a full-fedged arts center providing educational programs in the arts and outdoor studies for local youth. MassDevelopment provided a $500,000 loan guarantee of a $1.6 million commercial real estate loan from Mansfeld Cooperative Bank. The loan guarantee allows the bank to exceed its normal loan-to-value guidelines. Proceeds of the loan were used to acquire 888 South Main Street in Mansfeld, located directly across from the Xfinity Center at Great Woods. This new, larger space will allow MMAS to expand its current 85-seat theater and art gallery, as well as add classroom space.