Cottonwood Provides $240M Loan for Boston St. Regis Residences

Cottonwood Provides $240M Loan for Boston St. Regis Residences

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.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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