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Largest Office-to-Resi Conversion in Massachusetts Secures Financing

MassDevelopment has partnered with primary lender The Washington Trust Company to provide $51,170,000 in loan financing to OCP Worcester Owner LLC, an affiliate of real estate development company and

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Summary

MassDevelopment has partnered with primary lender The Washington Trust Company to provide $51,170,000 in loan financing to OCP Worcester Owner LLC, an affiliate of real estate development company and property owner Synergy, for the largest office-to-residential conversion in Massachusetts to date.

Synergy will use loan proceeds to redevelop and convert the former Fallon Community Health Plan headquarters...

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