PCCP LLC provided a $98 million loan to finance Northland Investment Corp.’s 269-unit, Class A development in Waltham, Mass. The new community, located at the intersection of Moody and Main streets, will include 27,596 sq. ft. of ground-floor retail space. Three, five-story buildings with 242 market-rate units, 27 affordable units, and 392 below- and at-grade parking spaces comprise the multifamily component.
Demolition is under way and completion is scheduled for mid-2016?.
