While rising interest rates are making it increasingly difficult to finance commercial real estate projects it appears that money is still available for new multifamily projects in the right locations. Boston-based private equity real estate firm Jones Street Investment Partners confirmed it secured $179 million in construction financing from three different lenders to develop luxury apartments in Kittery and Brunswick, Maine, as well as in Manchester, New Hampshire.
Jones Street Secures Financing To Build Three New Luxury Multifamily Projects
Key Bank, Bangor Savings Bank, and Berkshire Bank Provide $179 Million To Multifamily-Focused Private Equity Real Estate Firm
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IN THIS ARTICLE
- Properties
- Seacoast Residences
41 Seacoast Ter, Kittery, ME
- Companies
- Jones Street Investment Partners, LLC
Finance and Insurance