Main Menu Main Content
Photo of $19 Million Syndicated Building Loan


Practices & Industries

$19 Million Syndicated Building Loan

Hodgson Russ represented a banking client as the agent bank in a syndicated $19 million building loan secured by multiple locations in addition to the real estate being improved. The borrower was a public entity, and the credit was structured with both taxable and tax-exempt components. The principal source of repayment involved future funds to be received from a state agency, complicating the analysis.