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$44M Construction Loan Secured for Office-to-Residential Conversion in Boston

Summary by Yield PRO
JLL Capital Markets announced that it has arranged $44 million in financing for 31 Milk Street, an adaptive reuse multifamily redevelopment in Downtown Boston, Massachusetts. JLL represented the borrower, Dinosaur Capital Partners and Mugar Enterprises, in securing the three-year, senior construction loan from an affiliate of The Davis Companies, as the first deal in its […]
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Yield PROYield PRO

$44M Construction Loan Secured for Office-to-Residential Conversion in Boston

JLL Capital Markets announced that it has arranged $44 million in financing for 31 Milk Street, an adaptive reuse multifamily redevelopment in Downtown Boston, Massachusetts. JLL represented the borrower, Dinosaur Capital Partners and Mugar Enterprises, in securing the three-year, senior construction loan from an affiliate of The Davis Companies, as the first deal in its […]

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Boston Real Estate TimesBoston Real Estate Times

$44 Million Construction Loan Secured for Boston Office-to-Residential Conversion

BOSTON— A historic office building in Boston’s Financial District is set to become a 110-unit apartment community after JLL Capital Markets arranged $44 million in construction financing for the adaptive […]

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Boston Real Estate Times broke the news on Tuesday, September 29, 2026.
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