Sep
11
Financing in Place for 800 KSF Baltimore Mixed-Use Tower
ByMadison Marquette commenced construction of One Light Street in January, and now the developer has landed $169 million in loans to complete the project.
The lending community is looking favorably upon One Light Street, a mixed-use project in downtown Baltimore. Developer Madison Marquette recently obtained $169 million in financing for the 800,000-square-foot building, which has been under construction since January 2017.
Natixis acted as lead arranger and administrative agent on a $125 million senior loan for One Light Street, the construction of which commenced in January 2017, with M&T Bank and CIT as participants. Additionally, with the assistance of commercial real estate and capital markets services HFF, Madison Marquette reeled in $44 million in bridge financing through Bridge Investment Group Holdings…
