Commercial Product Allows Banks, Nonprofits to Benefit
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| East House, a dormitory at the Middlesex School in Concord, was built with the use of Capital Financing 501, a funding program the school accessed in partnership with MassDevelopment and Wachovia Bank. The partnership has since been switched to Chase Bank. |
By Amy Wyeth
It’s not often that a new commercial lending product comes on the market, so when MassDevelopment’s Capital Financing 501 was introduced a few years back, it stood out.
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