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