New York Life Real Estate Investors facilitates $97 million in financing for Portside II East Pier in East Boston Massachusetts
East Boston, MA New York Life Real Estate Investors, on behalf of New York Life Insurance Company, completed the $97 million financing of Portside II at East Pier, a 296 unit, multifamily property. The borrower is a wholly owned subsidiary of Mack-Cali Realty Corp.
“We are excited to work with Roseland Residential Trust again on the origination of this fixed rate financing secured by the newly constructed Portside II on the East Boston waterfront,” said Eric Becher, senior director and head of New York Life Real Estate Investors’ Northeast regional office.
“The property’s rapid lease-up is the result of Roseland’s continued success and experience in developing waterfront communities throughout the Northeast,” said Keith Duane, director of New York Life Real Estate Investors’ Northeast regional office, the loan officer for the transaction.
McDevitt Law Group strives to provide the highest quality real estate law and estate planning services, and we have for almost 40 years. As a small law firm, we pride ourselves on providing personal attention to your case and providing the highest quality representation. Call us today, or use the contact form below.
Barnstable County | Bristol County | Duke County | Essex County | Middlesex County | Nantucket County | Norfolk County | Plymouth County | Suffolk County
Just click on the Phone Number to dial on your phone: