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The four-tranche, five-year financing is split into two components, and each was designed to address a specific part of the development.
A three-bank consortium of Investors Bank, Oceans First Bank and Provident Bank provided the loan.
The Los Angeles lender also just closed an $85m Minneapolis deal.
Washington manager aims for majority mezz, preferred equity plays in SMILE markets.
The Newark firm is on watch for signs of a momentum slowdown in burgeoning sectors.
Rising rates and risk deepen the firm's multifamily focus, and make it more cautious on the office sector.
PCCP sees opportunity in the industrial and multifamily sectors, but is looking analytically throughout the broader commercial real estate market.
Local family office FoxRock Properties is redeveloping the former Quincy Medical Center.
hotel
Borrowers and lenders are optimistic that the sector will pick up momentum as business travel makes a comeback, but questions remain over how that will take place.
Development
Rising construction costs are reshaping how commercial real estate lenders are planning for uncertainty in loan underwriting.
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