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Ventura Sees Growth for Baltimore CBD

BALTIMORE-As the company completes financing for the historic skyscraper it looks to other deals in the city. The firm pays $14.6 million for the landmark Equitable Building.

By Erika Morphy | Updated on May 27, 2006

BALTIMORE-Now that Ventura Commercial Mortgage Co. has completed financing for the acquisition of a class B office building here, the firm is looking a few other deals, according to James Ventura, president. “We are looking at a couple of others right now.”

Ventura completed financing for the $14.6-acquisition of the Equitable Building last week. The 10-story class B office with 193,700 gross sf and 178,992 net rentable sf as well as street level retail, is located in the Center City neighborhood. Built in 1891, the building is recognized as the city’s first skyscraper and is registered with the Maryland Historical Trust. The interior was renovated in 2000. The $14.6-million non-recourse, fixed rate mortgage was provided by an institutional lender.

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