Equitable Building Gets $34M Bridge Loan
Mission Capital Advisors has arranged a $34M loan from an undisclosed overseas lender for the historic Equitable building in downtown Baltimore. JK Equities and SMB Bradley purchased the Equitable in 2013 and converted the 224k SF property into a 189-unit apartment building that is now leasing studios and one- and two-bedrooms. The 125-year-old building was Baltimore’s first skyscraper. Mission, a New York real estate advisory firm, has arranged financing for hotel, office, retail, multifamily, industrial and self-storage properties nationwide.