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Boston & New England  + Metro Boston  + Apartments  | 
Cambridge Savings Banks has provided Strategic Land Ventures with $84.5 million to build two apartment communities in Winchester, MA.

Strategic Land Ventures to Build Mixed-Income Projects in Winchester with $85M from CSB

Needham, MA-based Strategic Land Ventures has received loans totaling $84.5 million from Cambridge Savings Bank to finance the construction of two apartment communities in Winchester, MA.

The real estate properties on Cambridge Street and River Street will include 61 affordable housing units in addition to a variety of market-rate options.

“With housing advocates believing that Massachusetts needs to build nearly 200,000 units over the next decade to stabilize rent and home prices, our bank is committed to working with partners like SLV who also recognize that need,” said Kevin Teller, SVP, commercial real estate officer at CSB. “Supporting 40B projects to promote responsible housing growth in our communities is an honor and a privilege.”

CSB in July supplied The Michaels Organization with a $61.7-million loan to support the construction of a multifamily with a mix of market rate and affordable units in Dorchester, MA.

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Cambridge Savings Bank's Teller

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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