$85 Million Refinancing for Crosstown Building Owner, LLC

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.

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