• 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.

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