Take a walk through nearly any neighborhood in the Greater Boston area and the impact of J.P. Morgan’s Commercial Real Estate (CRE) team is immediately felt.

In a city grappling with a housing affordability crisis and sky-high demand amid limited inventory, the J.P. Morgan CRE team is diligently working to bring value and help deliver on the estimated 38,000 housing units needed. Challenged by limited land, rising rates and changing demographics, the team is laser focused on bringing partners to the table with strategic solutions.

“Boston is a city where everyone knows each other. As a trillion-dollar institution, we compete by ensuring our clients feel a local connection, with boots on the ground,” said Bash Osmani, Commercial Term Lending banker at J.P. Morgan. “We’ve built a team of experts, from Payments to Community Development Banking, and we’re focused on expanding our capabilities to match the needs of the city.”

J.P. Morgan’s CRE team is making a concerted effort to aid Boston’s growth and development. Case in point, the team has recently collaborated with community partners on complex and transformative redevelopment initiatives like Bartlett Station, a multi-phase redevelopment project to create 44 new units of affordable housing. But this is just one phase of development and it is part of a larger vision that, when complete, will offer more than 300 homes and over 50,000 square feet of retail and commercial space in Nubian Square.

Another example, “The Bradford” is a 112-unit multifamily property in Belmont where the J.P. Morgan team provided $40 million in construction financing for the project. The development contains 29 affordable units and is located approximately one mile from the Belmont Commuter Rail T Stop, providing much needed transportation-oriented housing.

The team is also investing in community development. Take, for instance, their recent work with the Franklin Cummings Institute of Technology’s (FCTech). FCTech is a vital institution currently servicing more than 900 students in the Greater Boston region providing them with career readiness in technology fields. J.P. Morgan financed the new state-of-the-art, purpose-built facility which will increase FCTech’s capacity to serve 1,465 students and create 34 new jobs.

By financing both housing and community facilities, the JPMorganChase team is playing a vital role in the intentional redevelopment of Boston.

Still Going Strong

JPMorganChase’s broader commitment to Boston is clear, with plans to open more than 50 branches across Massachusetts over the next two years.

Additionally, the total number of employees in Boston has more than doubled over the past five years, with both the Private Bank and Business Banking also expanding their presence in the city. And with the acquisition of First Republic Bank, the team has gained an even stronger foothold in the city’s thriving innovation economy and life sciences sectors.

JPMorganChase is helping to shape Boston’s future through strategic partnerships and community-focused development. By addressing access to financial resources, banking services and housing needs, while investing in the city’s growth, they are ensuring Boston remains vibrant and inclusive for generations to come.