At MassDevelopment, we form key partnerships with banks across the state to deliver creative financing solutions for businesses and organizations across the Commonwealth.
Fidelity Bank of Leominster partnered with MassDevelopment to provide an $11.5 million loan for the construction of Whalom Luxury Apartments in Lunenberg. The project will consist of five three-story buildings with 120 one- and two-bedroom apartment units, 25 percent of which are designated as affordable.
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Middlesex Savings Bank purchased a $4.6 million tax-exempt industrial development bond that MassDevelopment issued on behalf of Plenus Group, Inc., helping the food manufacturer purchase its current facility in Lowell and finance an addition.
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The Washington Trust Company of Westerly and BayCoast Bank purchased $24.5 million in bonds that MassDevelopment issued on behalf of the Atlantis Charter School in Fall River for the purchase of a new building that will house classrooms, a gymnasium, administrative offices, and more.
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Explore our wide range of financing tools.
Tax-Exempt Bonds
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Brownfields Redevelopment Fund
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Emerging Technology Fund (ETF)
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Loans & Guarantees
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Loan Participations
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TechDollars
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"Middlesex Savings Bank is proud to work with the team at MassDevelopment. Their product offerings and services can help to make financing more affordable and strengthen the structural integrity of a transaction."
Deborah A. Colony, SVP Commercial Lending
Middlesex Savings Bank
