Church Park Apartments
Update
09/09/16
Boston Residential Group refinances 750,000 square foot mixed-use Church Park Apartments in Back Bay for $265 million
In an official press release, developer Boston Residential Group announced Wednesday that it has refinanced Church Park Apartments, a 705,000 square foot mixed-use building located in Back Bay, for $265 million. The deal includes a loan from AIG and mezzanine debt from JP Morgan Asset Management, replacing debt financing from Freddie Mac. “We were pleased at the strong interest the debt market showed in this asset, originally developed 45 years ago, and we appreciate the confidence AIG and JP Morgan have placed in our management team. This transaction is a big win for the partnership,” said Curtis R. Kemeny, President and CEO of Boston Residential Group. Additional information about Church Park Apartments can be found above.
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