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JLL arranges $44 million construction loan for 31 Milk Street office-to-residential conversion in Boston

PUBT·09/29/2026 16:07:10
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JLL arranges $44 million construction loan for 31 Milk Street office-to-residential conversion in Boston
  • JLL arranged USD 44 million of three-year senior construction financing for the 31 Milk Street office-to-residential conversion in Boston.
  • Funding originated from an affiliate of The Davis Companies, its first deal in an integrated credit platform, alongside S. USA Insurance.
  • Borrowers Dinosaur Capital Partners, Mugar Enterprises plan to convert the 1921 building into 110 rental units, completion targeted in 2027.
  • Capital stack also includes federal and state historic tax credit financing, with subordinate financing from MassHousing.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jones Lang LaSalle Inc. published the original content used to generate this news brief on September 29, 2026, and is solely responsible for the information contained therein.