U.S. Bank and Urban Land Interests recently closed on a $47 million refinancing for two downtown Madison, Wis., office buildings.
The refinancing will significantly reduce borrowing costs for ULI and enable the company to continue to reinvest cash-flow into the properties, located at 10 E. Doty and 33 E. Main at Block 89.
“We are proud to partner with Urban Land Interests on the refinancing of two major office buildings in downtown Madison and to support their efforts to improve downtown Madison’s central business district,” said Peter Mortenson, a U.S. Bank senior vice president in Madison.
