Cottonwood Group has recently provided a $240 million senior mortgage to Cronin Development’s St. Regis Residences in Boston’s vibrant Seaport District. According to Alexander Shing, Chairman and CEO of Cottonwood Group, this investment reflects their confidence in the city of Boston, especially after the success of their EchelonSeaport project. The collaboration with Jon Cronin will further contribute to the growth and development of the Seaport area as a top residential destination.
In addition to this venture, Cottonwood is also partnering with Madison Realty Capital in New York City for Boris Kuzinez’s Five Points Development at 262 Fifth Avenue. While Madison Realty Capital provides senior financing, Cottonwood is offering $50 million mezzanine financing for this project.
Overall, these investments showcase Cottonwood’s commitment towards creating exceptional living spaces across different cities without compromising on quality or innovation.
