Cottonwood Group recently extended a $240 million senior mortgage to Cronin Development’s St. Regis Residences, Boston, a luxury tower in the bustling Seaport District.
“Our optimism for Boston is fueled by the triumph of our EchelonSeaport project,” said Alexander Shing, Chairman and CEO of Cottonwood Group. “The St. Regis Residences, Boston is just one of our many ongoing investments in the city, and we are excited to collaborate with Jon Cronin to sustain the positive momentum that has established the Seaport as one of Boston’s premier living destinations.”
Meanwhile, Cottonwood is collaborating with Madison Realty Capital in New York City, who provided senior financing while Cottonwood offered a $50 million mezzanine financing for Boris Kuzinez’s Five Points Development at 262 Fifth Avenue.
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