$5,000,000 mezzanine loan secured by the partnership interests in a to-be-developed 158,050 square foot mixed-use residential/retail project on 1.63 acres of land in Brentwood, Maryland. The mezzanine loan will be behind a $27,600,000 senior construction loan. A six-story mixed-use building made up of 147 apartment units and 6,350 square feet for ground floor retail space was developed using the total loan proceeds. Edgewood’s loan was paid off in full in September of 2017.
$5,000,000 | 158,050 SF