At Eastern Bank we strive to be far more than just a good bank; we want to be the bank that does good. To help fund the development of affordable housing and support the credit needs of non-profits in our local communities, we created the Community Development Lending Group. Our seasoned team of lending professionals are experts at providing construction and real estate financing, underwriting working capital lines of credit and creating multi-layered leverage loans for both New Market and Low- Income Housing Tax Credit projects and tax-exempt bond financing.
With our Community Development Lending Group, Eastern Bank is doing our part to -
- Develop housing solutions for low to-moderate income families and individuals investing both debt and equity.
- Support the credit needs of private and charter schools, health care providers, and a wide range of social service organizations in our communities.
- Provide financing tailored to suit large solar power generating facilities.
- Meet the needs of nonprofits with highly sophisticated treasury services and deposit products.