Venable represents bank in bridge loan financing of nonprofit entity in Baltimore, Maryland

1 min

Venable recently represented a bank that provided a $4.6 million bridge loan to a nonprofit entity in Maryland. The bridge loan was part of a twinned Historic and New Market Tax Credit transaction, pursuant to which the nonprofit is financing the renovation of its headquarters – a historic building in Baltimore, Maryland. Venable also assisted the bank in its negotiations with a participant in the loan.

The Venable team, led by Mike Schiffer, included Todd Gustin, Anne-Therese Bechamps, and Walter Calvert.