BOSTON CAPITAL FINANCE PROVIDES $10.75 MILLION IN CONSTRUCTION FINANCING
TOMS RIVER, N.J. — Boston Capital Finance has provided $10.75 million in construction financing for the development of Toms River Crescent Apartments in Toms River. Upon completion, the facility will include 15 buildings that contain 60 two-bedroom, one-bath garden style units; 24 two-bedroom, two-bath townhome style units; and 36 three-bedroom, two-bath townhome style units. The multifamily development will provide much need affordable housing in the area. The community will also feature a 1,750-square-foot community building. Boston Capital also provided the tax credit equity for the development. The general partner is Community Investment Strategies.