Natixis Arranges $125M Construction Loan for Mixed-Use Property in Baltimore
The 28-story One Light Street will include office, retail and residential space.
BALTIMORE — Natixis has served as lead arranger for a $125 million senior loan for the construction of an 800,000-square-foot mixed-use property in Baltimore. Natixis, M&T and CIT are providing the capital.
In addition, HFF arranged $44 million in mezzanine financing through Bridge Investment Group Holdings. The HFF debt placement team representing the borrower included Mark Remington, Brian Crivella and Drake Greer.
Madison Marquette is developing the property, which is named One Light Street. The building will be 28 stories tall and feature 280 apartment units. The Class A property will also feature 252,243 square feet of office space, over 5,000 square feet of street-level retail and 646 parking spaces. M&T Bank is the lead tenant.
The property is located near to the Inner Harbor, the Baltimore Ravens M&T Bank Stadium and Oriole Park at Camden Yards.
“Downtown Baltimore is undergoing major urban renewal, from renovations of older buildings by local real estate investors to billion-dollar development projects by direct users like universities and corporations,” says Greg Murphy, head of Natixis Real Estate Finance Americas. “One Light Street will further add to downtown’s revitalization.”
Madison Marquette is a real estate investment manager, developer, operator and service provider headquartered in Washington, D.C.
Natixis is the international corporate, asset management, insurance and financial services arm of Groupe BPCE, a banking group based in France. The full-service direct lender specializes in CMBS originations.
— Kristin Hiller