Kasowitz Represents Cottonwood Group in $240 Million Loan for St. Regis Residences Boston, a Luxury Condo Tower

Kasowitz Benson Torres represented Cottonwood Group, a Los Angeles-based private equity real estate investment firm, in the closing of a $240 million senior mortgage financing to Cronin Development, a real estate development firm, for the St. Regis Residences, a 114-unit luxury condominium tower in Boston’s Seaport District.  The loan will refinance the construction loan and allow the sponsor to market and sell 70-completed condominium units.  The loan closed on November 13, 2023.

The Kasowitz team representing Cottonwood Group was led by real estate transactions partner Darwin Huang and includes partner David Szeker, Special Counsel Matthew S. McElroy and associate Kathleen M. Maurer.