February 8, 2021
Avison Youthful has secured a $69.5 million senior financial obligation facility from Financial institution OZK to re-finance the present home loan for the planned Port Covington mixed use advancement website in Baltimore. Wes Boatwright, Mike Yavinsky as well as Jon Goldstein of Avison Youthful’s Washington D.C. office protected the financing in behalf of the consumer, Weller Growth Co.
. Port Covington is one of the largest city revitalization projects in the USA as well as features 2.5 miles of beachfront along the Patapsco River in Baltimore. The mixed-use advancement is positioned on 110 acres as well as is completely entitled and also master-planned for as much as 14 million square feet of building and construction.
“I am honored to have actually led the Avison Young team for this crucial resources raising for the Port Covington job and also to proceed my relationship with the sponsors considering that 2016,” stated Boatwright “The job is a big win for everyone entailed as well as will certainly be a great enhancement to Baltimore.”
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