Loan Extension and Recapitalization Arranged for 1900 Lawrence - Mile High CRE

Loan Extension and Recapitalization Arranged for 1900 Lawrence - Mile High CRE

Chicago-based Riverside Investment & Development has secured a loan extension for 1900 Lawrence, its 700,000-square-foot, Class A office tower in Denver. Bank of OZK, the lender on the $242 million loan, has extended the maturity through mid-2027. As part of the agreement, Riverside and equity partner Convexity Partners have committed an additional $34 million to the venture, which will be deployed to accelerate the leasing program. “In large of…

Denver Building Owner Inks Extension on $242M Loan

Riverside Investment & Development (Riverside) has secured a loan extension for 1900 Lawrence, a 700,000-square-foot, Class A office tower in Denver. Bank of OZK, the lender on the $242 million loan, has extended the maturity through mid-2027. As part of the agreement, Riverside and equity partner Convexity Partners have committed an additional $34 million to the venture, which will be deployed to accelerate the leasing program.“In large office …