HFF has arranged $114.7 million in financing for One Greenway, a to-be-built, Class A multi-housing property along the southern end of the Rose Kennedy Greenway in Boston’s Chinatown neighborhood.

HFF worked on behalf of the borrower, an affiliate of New Boston Fund Inc., Urban Strategy America Fund LP and the Asian Community Development Corp. to secure the $104 million construction loan through PNC Bank, People’s United Bank and Boston Private Bank & Trust.  HFF also arranged a $10.7 million equity investment from National Real Estate Advisors.

One Greenway’s North Building, which is scheduled for completion in summer 2015, will include  a 21-story, 217-unit market-rate rental unit tower portion, a 10-story, mid-rise portion with 95 affordable-rate rental units, a 135-space, below-grade parking garage and approximately 3,300 square feet of retail and 5,000 square feet of community space. 

Also included in the development is a 1.5-acre public park. The site is located at the intersection of Kneeland and Hudson Streets adjacent to the Rose Kennedy Greenway and near the Financial District and South Station. 

The HFF team representing the borrower was led by senior managing director Riaz Cassum and director Porter Terry.