Several years ago a landowner in western Massachusetts discovered remnants of potentially significant prehistoric stone formations on land she has been restoring to its pre-Columbian state as a natural orchard. While she seeks to validate her observations and identify a long-term steward for the land, Equity Trust made a loan to enable her to purchase an adjacent property with additional formations. She is in the process of donating conservation easements over all of the land to Mount Grace Land Conservation Trust, and Equity Trust holds an option to purchase the land she acquired with our loan if she has not transferred it to an appropriate caretaker within twenty years.
Equity Trust
eq' ui ty: 1. a financial interest in a property, 2. a moral principle of fairness
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Caterpillar Hill Initiative
Sometimes we take on challenging loans – because the projects they support are innovative or intriguing, or because conventional lenders are wary of financing them – and usually we (and our borrowers) are rewarded. But they don’t always work out as planned, so we strive to be flexible enough to come up with a satisfactory […]
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