Nonprofit Scores in Nubian Square

MassDevelopment issued a $2.8 million tax-exempt bond on behalf of The Baseball, Inc. (which does business as “The BASE”). The nonprofit leverages sports as a vehicle to engage youth in a positive, rigorous, passionate, and success-driven environment with the goal of excellence, both on and off the field, ensuring that each student athlete graduates from high school and is equipped with a winning game plan for life. The BASE is using bond proceeds and funds raised from local philanthropies to buy a building at 150 Shirley St. in Boston’s Roxbury neighborhood, which it previously leased, as well as an adjacent parcel of land that will be used for parking. The tax-exempt bond, purchased by Eastern Bank, helped The BASE achieve a lower cost of capital.