Cottonwood Lends $240M to Boston St. Regis Residences
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.
Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money.
With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.