Cottonwood Provides $240M Loan For St. Regis Residences In Boston Seaport

The St. Regis Residences, a luxury multifamily tower located at 150 Seaport Boulevard in Boston's Seaport District, has secured $240 million in senior mortgage financing from Cottonwood Group, according to sources. Developed by Cronin Development, the property offers a prime location in the bustling Seaport area.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $240,000,000
• Lender: Alexander Shing - Cottonwood Group
• Date: 11/20/2023
• Address: 150 Seaport Boulevard, Boston, MA
• Market: Boston, MA

Cottonwood Group, represented by Alexander Shing, has provided $240 million in senior mortgage financing for the St. Regis Residences. This transaction highlights the strong investment activity in the Boston market and the confidence in the luxury multifamily sector. Cronin Development's development expertise, combined with Cottonwood Group's financial backing, contributes to the success and continued growth of this project.