News July 15, 2019
Raffles Boston Hotel Project Secures $314M In Construction Financing
Madison Realty Capital shipped up to Boston to provide a $314 million construction loan for Raffles Boston Back Bay Hotel & Residences. The project, which is slated to begin construction later this year, is being developed by The Noannet Group and Saunders Hotel Group with equity from Cain International, a premier hospitality brand that has recently invested in a number of Los Angeles resorts. When complete, Raffles Boston Back Bay Hotel & Residences will stand 400 feet tall and feature an 147-room hotel as well as 146 luxury residences. Madison Realty Capital is one of the nation’s leading private debt investment firms specializing in bridge loans, construction loans, and debt funds, including their most recent Debt Fund IV, which closed with over $1.1 billion in funding.