Cottonwood Group has recently provided a $240 million senior mortgage to Cronin Development’s St. Regis Residences in Boston’s bustling Seaport District. According to Alexander Shing, Chairman and CEO of Cottonwood Group, the success of their EchelonSeaport project has fueled their optimism for the city. The St. Regis Residences is just one of many investments they have made in Boston and they are eager to work with Jon Cronin to continue the positive momentum that has established the Seaport as a premier living destination.
In addition, Cottonwood is collaborating with Madison Realty Capital in New York City on Boris Kuzinez’s Five Points Development at 262 Fifth Avenue. While Madison Realty Capital provided senior financing, Cottonwood contributed $50 million in mezzanine financing.
The article “Cottonwood Lends $240M to Boston St.Regis Residences” was originally published on Connect CRE.
