Impact Stories

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Housing

Northgate One Apartments

Borrower
Hudson Valley Property Group
Location
Camden, NJ
Financing Used For
Acquisition and Rehabilitation
Loan Amount
$10 million
Loan Length
12.5 Years
Partner(s)
Reinvestment Fund
Northgate One Apartments will be revitalized into a modern, affordable housing complex. Several partners are coming together to enhance affordable living in the 321-unit complex. Supported by NJEDA tax credits and a new 20-year Section 8 contract, this project ensures long-term, low-income housing without displacing current tenants, embodying a significant step in Camden's urban redevelopment and community-focused initiatives.

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El Centro

Housing
Borrower
North Shore Community Development Coalition
Location
Salem, MA
Financing Used For
Acquisition and Predevelopment
Loan Amount
$3.95 million
Loan Length
48 months
Historically there has been a divide between Salem, Massachusetts’ downtown district and the largely Latino neighborhood of El Punto. El Centro will unite the two neighborhoods and provide much-needed healthcare and housing for seniors.
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Win

Housing
Borrower
Win
Location
Bronx, NY
Financing Used For
Predevelopment
Loan Amount
$500,000
Loan Length
36 months
Partner(s)
Corporation for Supportive Housing (CSH)
New York City is in constant need of housing for people experiencing homelessness. Win, the largest provider of shelter and supportive housing for the City’s homeless families, is furthering their reach with new permanent supportive housing in the Bronx that includes wrap-around services for their residents.
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Starhill

Housing
Borrower
Bronx Pro Group, LLC
Location
Bronx, NY
Financing Used For
Predevelopment
Loan Amount
$1 million
Loan Length
12 months
Partner(s)
Corporation for Supportive Housing (CSH)
Starhill, a 1920s hospital in the Bronx that served as a residential treatment facility, is being transformed into permanent supportive housing for homeless individuals with substance use disorders.
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Comunilife

Housing
Borrower
Comunilife
Location
Bronx, NY
Financing Used For
Predevelopment
Loan Amount
$400,000
Loan Length
36 months
Partner(s)
Hudson Housing
Through a partnership with St. Barnabas Hospital, Comunilife will transform underutilized land owned by the hospital into supportive housing for low-income seniors and people experiencing homelessness in the Bronx.
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BlueHub SUN Homeowners Jettie & Jacquelyn

Foreclosure Relief
Borrower
Jettie & Jacquelyn Cooper
Location
Chicago, IL
After several health challenges, Jettie and Jacquelyn decided to get a five-year, interest-only mortgage loan modification to lower expenses. As their wellness issues continued, their mortgage modification ended and monthly payments skyrocketed from $267 to $1,873. After multiple unsuccessful attempts to appeal to the mortgage company, they called BlueHub SUN.
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Coconut Grove

Housing
Borrower
New Urban Development
Location
Miami, FL
Financing Used For
Acquisition
Loan Amount
$2.5 million
Loan Length
24 months
Partner(s)
Housing Partnership Fund, Florida Community Loan Fund
In Miami’s Coconut Grove, a group of residents had the foresight to stave off gentrification by purchasing prime real estate. Now they have chosen a development partner that will ensure they continue to have a voice in what is built there.
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Amped Kitchens

Commercial Real Estate
Borrower
Amped Kitchens/CED Food
Location
Los Angeles, CA, & Chicago, IL
Financing Used For
Acquisition & Construction
Loan Amount
$8.3 million
Loan Length
84 months
Number of Loans
2
Partner(s)
Nonprofit Finance Fund, Local Initiatives Support Corporation, Genesis LA, Reinvestment Fund, Chicago Community Loan Fund
Food production takes more than kitchens—it takes 360° support. Amped Kitchens creates turnkey food manufacturing facilities that remove barriers for food production companies of all sizes.
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Brownsville Partnership

Housing
Borrower
Community Solutions, Inc.
Location
Brownsville, Brooklyn, NY
Financing Used For
Predevelopment
Loan Amount
$575,000
Loan Length
36 months
Partner(s)
Corporation for Supportive Housing
Residents are working towards wholesale neighborhood transformation—including supportive housing that feels like a sanctuary.
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Centerboard

Housing
Borrower
Centerboard
Location
Lynn, MA
Financing Used For
Acquisition, Converting to Permanent
Loan Amount
$1.9 million
Loan Length
120 months
Rising rents put pressure on tenants—both exacerbating homelessness and challenging those dedicated to housing the homeless. BlueHub’s loan allowed Centerboard to purchase those rental properties to better serve its clients.
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Bridge Street Recovery

Healthcare
Borrower
Bridge Street Recovery, LLC
Location
Bennington, NH
Financing Used For
Construction
Loan Amount
$862,500
Loan Length
120 months
Partner(s)
Eastern Bank
In New Hampshire, there have been limited options for the uninsured seeking a path to recovery from substance use disorder. Now a novel business model offers new hope.

Main Office

1785 Columbus Ave., 6th Floor
Boston, 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 1785 Columbus Ave., 6th floor, Boston, 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).

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