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PSG makes $390K loan for downtown Baltimore renovation

PSG makes $390K loan for downtown Baltimore renovation

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-based has made a loan to the developer of a mixed-use conversion of two long empty and neglected buildings at West Lexington Street and Maryland Avenue.

Developer is converting the properties, at 101 W. Lexington St., into ground floor retail and apartments. PSG extended $390,000 in credit to cover the project’s hard construction costs.

“This project sits on an under-served block of Baltimore with great potential, and came from an experienced developer, so we were happy to take it on,” Paul Khazansky, managing director at PSG Lending said in a news release “And because we know and understand Baltimore and these types of projects, we were able to execute quickly and get a loan closed for Chukes.”

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