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CMA
February 02, 2018  

GTIS, Ullico Back Boston Conversion

Two lenders have teamed up to originate a $160 million floating-rate loan for a Boston redevelopment of two connected buildings into luxury residential condominiums.GTIS Debt Capital underwrote the loan and retained the junior portion. It brought in Union Labor Life to fund the senior piece. The loan, which closed last month, has a three-year term, with at least one option to extend it by a year.The borrower, Center Court Properties of New York,...


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