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Boston & New England  + Metro Boston  + Apartments  | 

Norwood Apartments Secure Construction Financing from Beacon Bank

Colliers arranged $44.5 million in construction financing for 259 Lenox St., a 145-unit multifamily development in Norwood, MA. A Colliers Capital Markets team led by Patrick Boyle, Matt Lombardi Jr., and Rose Liu arranged the construction loan with Beacon Bank on behalf of developer Tremont Asset Management LLC.

The project will deliver 145 apartment homes in a five-story residential community, with 20% of units designated as affordable. It will feature a mix of junior one-bedroom, one-bedroom and two-bedroom residences, along with 169 surface parking spaces.

“We identified this site for its exceptional transit connectivity and spent several years planning a project that will elevate the multifamily housing offering in Norwood,” said Sam Slater, managing partner at Tremont Asset Management LLC. “We are pleased to be partnering again with Beacon Bank as we move forward with the development of this exciting multifamily community.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Financing
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