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JLL arranged financing for Longfellow following borrower’s recent Bank OZK, Square Mile deal.
The financing is one of the final deals of 2022 for Square Mile, a New York-based investment manager.
The JLL-arranged loan tracks with regional demand in fast-growing science hub.
The New York-based manager believes lenders will be receptive to financing new deals and rehabs in the fast-growing sector.
Boston, San Francisco and San Diego are target areas for future conversion playbook alongside select STEM-friendly markets.
Respondents see a remarkable revival for the asset class, despite economic and geopolitical headwinds.
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