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Hajjar Lands $10M to Turn Fall River Church into Housing
Hajjar Management secured $10.6 million in financing from Rockland Trust for the redevelopment of the 151-year-old Sacred Heart Church and rectory in Fall River, Massachusetts.
The former 37,850 square feet church and rectory, located at 160 Linden Street, will be converted into 46 market-rate apartments. The project, named Sacred Heart Lofts, is expected to be completed in February 2025, featuring 19 two-bedroom apartments, 24 two-bedroom lofts, and 3 three-bedroom lofts.
“We’ve been working with the Hajjar Management team for several years on housing revitalization projects such as Lafayette Lofts and now Scared Heart Lofts. Innovative projects like this help address the need for additional housing options in the South Coast,” said Erin Williams, vice president and commercial loan officer at Rockland Trust.
- ◦Financing