New Princeton Properties Complex on Littleton Road Gets $25 Million Loan

The upcoming affordable housing complex on Littleton Road was the subject of a $25 million construction loan last week.

Pittsburgh-based HFF arranged the deal with Princeton Properties & Guggenheim Real Estate LLC. To secure a three-year, floating-rate construction loan with two one-year extension options through First Niagara Bank’s Boston office.

The 200-unit development, expected to be completed later this year, is just down the street from another affordable housing project coming to Chelmsford, with groundbreaking beginning at that project later this summer.