On March 20, 2014 Cape Abilities concluded a $2.6 million tax exempt bond issue through Massachusetts Development Finance Agency. The bond was purchased by TD Bank as part of an agreement with Cape Abilities that provided the bond funding and a line of credit facility.
The proceeds of the loan will be used to refinance existing mortgages at a substantial reduction in rates, construct a barn and two greenhouses at the Cape Abilities Farm in Dennis and make extensive renovations at its location in Hyannis. These renovations will accommodate Cape Abilities new Community Based Day Supports program.
Cape Abilities was assisted in this transaction by William Griffin, Jr. Esq. of Davis Malm & D’Agostine, P.C. of Boston and Paul R Tardif, Esq. of the Law office of Paul R. Tardif in Yarmouthport.
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Cape Abilities is a non-profit organization serving the residential, vocational and social needs of people with developmental disabilities on Cape Cod.