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
You Also May Be Interested In:
Represented Addus HomeCare Corporation (Nasdaq: ADUS) in four strategic acquisitions and in its underwritten public offering of 2.3 million shares of common stock in 2019.
Represented TVV Capital portfolio company Big 3 Precision Products, Inc., a maker of turnkey packaging solutions, in its sale to The Eastern Company (Nasdaq: EML), a publicly traded diversified manufacturer, for $81.7 million