CDA Loan Closed

February 5, 2014 – Yebba Realty Ventures is pleased to announce that the Peabody Office of Community Development & Planning has awarded a $1M loan to 535 Lowell Street Peabody LLC. Loan proceeds will be funded under the City’s Community Development Authority (CDA) Loan Program. Yebba expects to use these funds to defray pre-development costs including engineering, traffic control, and master planning studies. Once completed the new shopping center is expected to create 75 jobs.