WESTON, MA-A $27 million construction loan was secured for Stonegate at Weston, a 99-unit condominium conversion project at 64 Jericho Lane. The Boston office of Holliday Fenoglio Fowler LP arranged the financing.
HFF senior managing director Fred Wittmann and director Coleman Benedict worked on behalf of Boston Residential Group LLC to secure the three-year, adjustable-rate loan through Merrill Lynch Capital. Boston Residential Group is a privately held real estate development and management company that owns and manages more than 1,500 luxury apartment properties in the Boston area.