info@mongecapital.com

Yard 56 II Medical Plaza

Yard 56 II Medical Plaza

Type

Healthcare

Location

Baltimore, MD

Est. Project Cost

$36.6 million

Size

72,000 SF

Public Financing

New Market Tax Credit

Sponsor

Bank Financing

Private Financing

Debt, Equity

FQHC Anchored Medical Office Development

Yard 56 Medical Plaza is a $36.6 million, 72,000 square foot healthcare development in Baltimore, MD developed by MCB Real Estate. Anchored by Baltimore Medical Systems, the facility expands access to primary and preventive healthcare in an underserved East Baltimore community. Monge Capital structured $23.5 million in NMTC financing and arranged $14.75 million in debt to support this critical facility.

Estimated Economic and Social Impact

Supports 76 construction jobs, 218 permanent jobs, brownfield remediation, and access to quality healthcare.

Project Gallery