Boston Metro Region
WATCH is a nonprofit affordable housing sponsor and developer in Waltham and has been searching for a permanent home for a number of years. In 2004 they purchased 509-517 Moody Street in downtown Waltham. This building gives WATCH a permanent home along with seven rental units on the second floor, four of which are permanently affordable. The first floor store-front is divided among WATCH and two other commercial tenants.
PCI will provide permanent financing for WATCH’s new property establishing predictable debt service and reducing their costs significantly from the rent they had been paying.
PCI Loan Amount: $750,000
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