Friday, April 24, 2009

Russia Wharf Secures $215m in Funding

Russia Wharf Shores Up $215M Financing

BOSTON-Boston Properties, Inc. is securing $215 million in construction financing for its gargantuan mixed-use redevelopment of the Russia Wharf. The 854,000-square-foot project at 280 Congress St. secured a loan that bears interest at a floating rate equal to LIBOR plus 3% per annum. The financing came from a "syndicate of commercial banks," according to a release.


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