We represented Crosstown Building Owner, LLC in connection with the refinance of its existing syndicated construction loan. The $85 million transaction solidified the company’s capital structure over the next 20 years as it continues to implement the concept of a “vertical urban village” within the 1.2 million square foot mixed-use Crosstown Concourse building in Memphis. Many of the capital sources for this complex deal had to be re-affirmed and subordinated to the new loan, including New Market Tax Credits, Historic Tax Credits, a Historic Tax Credit Bridge Loan and Energy Conservations Bonds.
$85 Million Refinancing for Crosstown Building Owner, LLC
Client Type: Private Company
You Also May Be Interested In:
-
Served as primary outside counsel to the NHL’s Nashville Predators since 2010.
-
Represented Genesco in its sale of Lids its hat-focused division
-
Representing the independent Special Committee of Strategic Storage Growth Trust, Inc. (SSGT), in its definitive agreement to merge with Strategic Storage Trust II, Inc., (SST II) in an all-cash merger valued at $340 million expected to close during the first quarter of 2019, subject to customary closing conditions, including the approval of SSGT’s stockholders