Northland Secures $220 Million Construction Loan From J.P. Morgan Chase For Development Site In Newton

The asset involved in this transaction is a development site located at 156 Oak Street in Newton, MA, covering an area of 22.66 acres. The transaction involves a construction loan of $220,000,000 secured by Northland to facilitate the mixed-use project that has been planned since 2018.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $220,000,000
• Lender: J.P. Morgan Chase
• Landlord: Matthew Gottesdiener - Northland
• Market: Newton, MA
• Loan Type: Construction
• Acreage: 22.66

Key individuals in this transaction include Matthew Gottesdiener, representing Northland as the landlord. The lender involved is J.P. Morgan Chase, which provided the construction loan necessary for the development project.