Hyperion Holdings, LLC and Innovative Investment Corp. have secured $5.5 million in financing from Rockland Trust for the development of Dean’s Crossing, a townhome development in Taunton, Massachusetts.
Construction began earlier this year, with the first six-unit building expected to be completed in September and the larger 16-unit building to be finished in 2025. The project will consist of 22 townhomes, each townhome will feature approximately 2,000 square feet of living space on three levels, including three bedrooms, two and a half baths, a single-car garage, and off-street parking.
The development is conveniently located right off Route 44 near Taunton High School, Morton Hospital, and the Taunton branch of the Old Colony YMCA. Dean’s Crossing is a short walk to the upcoming South Coast Rail phase two Commuter Rail station.
“Across the state, there is increasing demand for housing opportunities, especially in areas near commuter rail stations,” said Brendan Mota, vice president of Commercial Loan Officer at Rockland Trust. “I’m grateful for the relationship we’ve built with the borrowers. Dean’s Crossing is a thoughtful solution for addressing the need for additional housing in a constrained market.”
Rockland Trust is a commercial bank based in Rockland, Massachusetts that serves Southeastern Massachusetts, Coastal Massachusetts, Cape Cod, and Boston’s MetroWest. Established in 1907 as Rockland Trust Company.
