Impact Stories

Featured story

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.

All Impact Stories

Filter by
" "

One Percent for America borrower Luiz Machado

Citizenship Financing
Borrower
Luiz Machado
Location
Woburn, MA
Financing Used For
Citizenship fees
Luiz and Adeli Machado moved to the United States from southern Brazil primarily to be near their three children, who are naturalized US citizens, and their three grandchildren. They are eager to become US citizens  but finances stood in the way. That is, until they applied for a loan from One Percent for America.
" "

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.
" "

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.
" "

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.
" "

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.
" "

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.
" "

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.
" "

BlueHub SUN Homeowner LaShawn

Foreclosure Relief
Borrower
LaShawn R.
Location
Waldorf, MD
After falling prey to a scam, LaShawn was about to lose her home to foreclosure. A judge advised her to look into BlueHub SUN. She got to keep her home and has since successfully refinanced out of the program, further stabilizing her finances.
" "

Beacon Landing

Housing
Borrower
Abode Communities
Location
Los Angeles, CA
Financing Used For
Acquisition
Loan Amount
$3.3 million
Loan Length
36 months
Partner(s)
Corporation for Supportive Housing
With 66,000 people living on the street, Los Angeles County needs supportive housing that can be brought online quickly. This modular solution will cut construction time and costs but not quality.
" "

2147 Washington Street

Housing
Borrower
New Atlantic Development, LLC & Dream Development, LLC
Location
Boston, MA
Financing Used For
Predevelopment
Loan Amount
$1.3 million
Loan Length
24 months
Partner(s)
The Life Initiative, City of Boston
This multi-use project in BlueHub’s own neighborhood of Nubian Square will feature affordable rental housing, homeownership units and a large artist workspace.

Main Office

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

Sign up for our newsletter

Linkedin Twitter Instagram

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: nmlsconsumeraccess.org.

© 2021 BlueHub Capital. All Rights Reserved. 

Privacy Policy | Terms of Use

Design by OPUS

Equal Housing Lender
Equal Housing Opportunity
" "
Certified CDFI by the US Department of the Treasury
" "