Rockland Trust finances Pennrose Lenox housing project with $22 million package

INDB•2026-09-29

Rockland Trust arranged a $22 million financing package for Pennrose’s 68-unit mixed-income project in Lenox, Massachusetts. Construction is underway, with initial resident move-ins expected in 2028.

1. Project financing

Rockland Trust, a unit of Independent Bank Corp., arranged $22 million in financing for Pennrose’s 68-unit project at 238 Pittsfield Road in Lenox, Massachusetts. The development includes 57 affordable and workforce apartments and 11 market-rate units; construction is underway, with initial resident move-ins expected in 2028.

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Rockland Trust finances Pennrose Lenox housing project with $22 million package

Publicnow

Rockland Trust finances Pennrose Lenox housing project with $22 million package

1. Project financing

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Rockland Trust finances Pennrose Lenox housing project with $22 million package

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