Impact Stories

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Commercial Real Estate

Humphreys Street Studios

Borrower
Humphreys Street Artist Collective, Inc.
Location
Dorchester, MA
Financing Used For
Acquisition
Loan Amount
$1.6 million
Loan Length
120 months
Three years ago, a small group of artists who had been working together in studio spaces formed a nonprofit collective. With financing from BlueHub, they were able to purchase the studio space they've been using since 2002.

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BlueHub SUN Homeowner Trevor Johnie

Foreclosure Relief
Borrower
Trevor Johnie
Location
Waterbury, CT
Trevor Johnie was exhausted with unexpected difficulties, including a threat to his homeownership. Until one day, he called BlueHub SUN; with a lower monthly mortgage payment, he got the opportunity to stay in his home.

MLK Transition Academy

Community Facilities
Education
Borrower
Urban Renaissance Partners, Inc.
Location
Memphis, TN
Financing Used For
Acquisition & Predevelopment
Loan Amount
$450,000
Loan Length
24 months
A former school in South City is redeveloping into a community education and development center to enrich the opportunities for Memphis' youth.

BELIEVE Circle City High School

Education
Borrower
BELIEVE Schools, Inc.
Location
Indianapolis, IN
Financing Used For
Acquisition
Loan Amount
$2.6 million
Loan Length
24 months
Partner(s)
MindTrust, Charter School Growth Fund
BELIEVE Circle City School is rethinking learning; they acknowledge student passions by providing tailored education and opportunities to enroll in classes at Ivy Tech Community College. The school is working to advance the financial trajectory of students and close the widening income gap for students of color.

Promesa Academy

Education
Borrower
Promesa Academy, Inc.
Location
San Antonio, TX
Financing Used For
Construction to Permanent
Loan Amount
$3.05 million
Loan Length
60 months
Partner(s)
Civic Builders
Promesa Academy was launched in 2020, educating and supporting 300 students in the Westside neighborhood of San Antonio. With new funding from BlueHub and Civic Builders, the school can expand its facilities and student body.

Humphreys Street Studios

Commercial Real Estate
Borrower
Humphreys Street Artist Collective, Inc.
Location
Dorchester, MA
Financing Used For
Acquisition
Loan Amount
$1.6 million
Loan Length
120 months
Three years ago, a small group of artists who had been working together in studio spaces formed a nonprofit collective. With financing from BlueHub, they were able to purchase the studio space they've been using since 2002.

Western Avenue Studios & Lofts

Commercial Real Estate
Housing
Borrower
Western Avenue Community for the Arts, Inc.
Location
Lowell, MA
Financing Used For
Acquisition
Loan Amount
$3 million
Loan Length
120 months
Affordable places to work and live are in high demand among local artists in Lowell. WASL's 50 work/live loft apartments in addition to their 250 studios are supporting these needs by empowering artists while persevering affordability in the area.

SAY Sí

Community Facilities
Borrower
SAY Sí
Location
San Antonio, TX
Financing Used For
Construction
Loan Amount
$3.6 million
Loan Length
84 months
Number of Loans
2
SAY Sí, a long-standing San Antonio nonprofit, provides youth with a variety of arts programs. As they renovate a new space and expand their educational offerings, they will continue to empower young people and leave a mark on the city.

NUBA Apartments

Housing
Borrower
NHP Foundation
Location
Roxbury, MA
Financing Used For
Predevelopment
Loan Amount
$1.75 million
Loan Length
36 months
Early-stage financing helps projects get off the ground. NUBA Apartments will provide new affordable housing units to Roxbury's Nubian Square.

Drexel Village

Community Facilities
Housing
Borrower
Planning Office for Urban Affairs
Location
Roxbury, MA
Financing Used For
Predevelopment
Loan Amount
$1 million
Loan Length
24 months
With the help of BlueHub, the Planning Office for Urban Affairs is redeveloping Drexel Village, adding mixed-income rental units, affordable housing and community facility spaces.
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Nubian Square Ascends

Commercial Real Estate
Community Facilities
Housing
Borrower
Nubian Square Ascends
Location
Roxbury, MA
Financing Used For
Predevelopment
Loan Amount
$3 million
Loan Length
36 months
Partner(s)
Local Enterprise Assistance Fund, Local Initiatives Support Corporation Boston, Massachusetts Housing Investment Corporation, The Life Insurance Community Investment Initiative, The Property and Casualty Initiative, MassDevelopment
Nubian Square Ascends is bringing more arts to the neighborhood, developing commercial, residential, and entertainment spaces to amplify culture and local industry. BlueHub Capital is leading a group of lenders to help finance and support the large-scale development.

Main Office

10 Malcolm X Boulevard
Roxbury, MA 02119
617-427-8600 | info@bluehubcapital.org

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Mortgage loans are made by Aura Mortgage Advisors LLC, an affiliate of BlueHub Capital. Aura is a licensed mortgage lender (NMLS #23467) and is located at 10 Malcolm X Boulevard, Ground Floor, Roxbury, MA 02119.

Aura is registered and licensed by the CT Department of Banking (ML-23467), DE Office of the State Bank Commissioner (030760), IL Department of Financial & Professional Regulation (MB.6761025), MD Commissioner of Financial Regulation (36-23467), MA Division of Banks (MC23467), MI Department of Insurance and Financial Services (FL0023108), NJ Department of Banking and Insurance, OH Division of Financial Institutions (RM.804639.000), PA Department of Banking and Securities (61391), RI Department of Business Regulation, Licensed Lender, and WI Department of Financial Institutions (23467BA).

For licensing information, go to: www.nmlsconsumeraccess.org.

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