100 State street is a 169-unit, affordable housing property for the elderly near downtown Portland. With well-maintained gardens and cheerful interiors, 100 State Street is a desirable home for residents.
Working with the not-for-profit owner of 100 State Street, Maine Street Capital developed and executed a strategy to refinance this property. MSC worked extensively with the owners to understand the asset and their goals. After receiving strong financing proposals from a number of local and national lenders, we closed on a highly competitive package that offered a low 20-year fixed rate. We enjoyed the opportunity to work with this great borrower working to preserve this important affordable housing community.