Sawyer Hill Cohousing
Two cohousing groups combined to purchase and develop a 65 acre site on Sawyer Hill Road in Berlin. They sponsored the development of 68 homeownership units with 17 affordable. The buildings are a mix of flat and townhouse style, plus common buildings typical of cohousing developments.
Cohousing is community-centered living with a community house where residents can share resources and spend time together including community dinners. Houses are clustered around common play and walk areas with parking located at the outside edge of the community.
PCI participated with two other lenders to provide a $20,150,000 construction loan for this development.
PCI Loan Amount: $6,716,667
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