Douglas Development secures Uline construction financing (Video)

Douglas Development Corporation, which began work to reshape D.C.’s historic Uline Arena this spring, has secured a total of $94 million in construction financing for the mixed-use project.

That will cover about 75 percent of the project’s expected cost. Douglas Development is covering the rest.

Natixis Real Estate Capital has provided a $75.5 million construction loan. EB5 Capital is providing $18 million in preferred equity.

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