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BROOKLINE, MA-Meredith & Grew Inc. has secured $19.2 million for the St. Paul Residences which is located in the neighborhood of Brookline. The financing was provided in two parts: a $5.2 million mezzanine loan and a $14 million construction loan. The Finance & Capital Market Group’s David M. Douvadjian, executive vice president, and Thomas F. Welch, assistant vice president, secured the loan from a union pension fund.

The facility will include 49 residential units on 60,400 sf of land located at 62-64A Aspinwall Ave., 2-4 St. Paul Street. and 30-41 Harvard Ct. The property is located between Coolidge Corner and Brookline Village near the Longwood Medical Area.

The proposed 69,700 sf masonry and clapboard-sided building will be composed of three sections: a narrow, four-story section at the front of the site along St. Paul Street, a five-story transitional section and a six-story section at the rear of the site. The four-story section will include twelve townhouse units, while the five and six-story sections will include a mix of one- and two-bedroom units. The project will feature 18 underground parking spaces and 70 surface spaces.

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