Innovative Industrial Properties commits $245 million mezzanine loan for IQHQ’s Alewife Park life science campus in Cambridge, Massachusetts

By Public Technologies
  • IIP entered definitive agreements to provide USD 245 million in a mezzanine loan commitment for Alewife Park in Cambridge, Massachusetts.
  • Proceeds support completion, lease-up, tenant improvements, and stabilization of Phase I of the 27-acre life science campus.
  • About USD 111 million funded at closing, including repayment of an existing USD 85 million bridge loan.
  • Remaining USD 134 million expected to fund through Q4 2027, subject to draws and funding conditions.
  • Loan matures in February 2028 with a one-year extension option; expected interest rate about 15.8% with a 14% floor.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IIP - Innovative Industrial Properties Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261001936074) on October 01, 2026, and is solely responsible for the information contained therein.

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