PGIM and Toll Brothers Secure $226M to Develop Boston Multifamily

  • 06/01/22
  • In the News

PGIM Real Estate and Toll Brothers Inc., through its Toll Brothers Apartment Living rental division, have formed a joint-venture partnership to develop a 432-unit luxury multifamily community in downtown Boston, MA.

For the project, the partnership has secured a $226 construction loan facility from Wells Fargo N.A. as agent, along with BNY Mellon and the Bank of East Asia Ltd.’s New York branch. Toll Brothers’ in-house finance department arranged the debt and equity… Read More