News November 30, 2023
Madison Realty Capital Lends $178M on Boston Condo Tower Project
Commercial Observer reported that Madison Realty Capital contributed toward a $241 million debt package originated by Los Angeles-based Cottonwood Group for a refinance on Cronin Development’s planned residential condominium tower in Boston. The property has already sold 45 of the units in addition to the 10,498 square foot retail space, with additional units under contract. The whole loan replaces Madison Realty Capital’s original $345 million construction loan made in December 2021, which was used to complete construction of the property.