National Real Estate Advisors, Cathexis and The HYM Investment Group have secured a $150-million construction loan for Amaya, a 475-unit, 415,000-square-foot multifamily in Revere, MA. The building is the first of many to be delivered at the Suffolk Downs redevelopment.

The funding was secured by JLL and provided by Ullico.

Amaya is located steps from the MBTA Blue Line Beachmont Station. It will have a range of apartment styles from micro studios to two-bedrooms, 34,000 square feet of amenity space and 24,000 square feet of ground-floor activated retail space.

Suffolk Downs will ultimately deliver over 10 million square feet of residential development (approximately 10,000 units) including a mix of apartments, condominiums, senior housing and affordable housing.

Suffolk Downs is one the largest real estate projects in MA’s history and involves the transformation of a 161-acre underutilized site into a thriving new urban district that will serve the communities of East Boston and Revere.