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Construction financing for the building was by Chase Manhattan Bank.
Fleet Bank and HSBC Bank provided construction financing.
They used construction financing for the $12 million project.
"Modern-day Jackson was built on construction, financing and real estate," he said.
Banks in New York, at least, have begun to lend more for construction financing.
The remainder of the $18 million construction financing will come from J. P. Morgan Chase.
But the developer, Silverstein Properties, is seeking construction financing, said Dara McQuillan, a spokesman.
He said that Summit was providing construction financing for the $11 million project.
"The first type of financing that goes away is new construction financing because it's more speculative".
"The world of real estate and construction financing have been upended by the economic crisis".
Metropolitan Life Insurance Company and the Community Preservation Corporation each provided $2.03 million in construction financing.
More suggestions(15)
construction investment
construction credit
infrastructure financing
construction assistance
building financing
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rebuilding financing
construction fund raising
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construction finances
built financing
manufacturing financing
construction financial
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