T-Max Lending closed a $26.2 million construction loan for an Alaska-based borrower to develop a 78-unit Class A office building in downtown Anchorage. The project will rise adjacent to the historic former site of the 4th Avenue Theatre and is scheduled to break ground in mid-November 2025.
The loan is structured on a 36-month term at 8.9%.
“This is a dream coming true before my eyes. After years of planning, investment and perseverance, I can finally see this vision take shape,” the borrower said. “None of this would have been possible without the support of T-Max Lending, and I’m deeply thankful for their role in making this a reality.”…