The Commerce Building

The Commerce Building is located in the heart of downtown Baton Rouge showcasing views of the Mississippi River and extensive resident amenities.

Location: Baton Rouge, LA

The Challenge: Highland was trusted to help facilitate substantial rehabilitation to the historic Commerce Building in downtown Baton Rouge. This financing included the Federal and State Historic Tax Credits, a private ground lease and a real estate short term tax abatement.

HCM Solution: Highland was able to assist in financing the Commerce Building by providing a section 221(d)(4) loan to redevelop and reinvigorate the previously vacant building into a Class A mixed-use property with 93 upscale residential units and approximately 6,246 SF of commercial space.

Community Effect: The Commerce Building prompted a resurgence in the area, as the access to downtown is a walkable distance. It is also home to multiple dining and bar establishments. Commerce building provides residents with upscale apartments in the Central Business District.

Loan Amount: $17 million

Loan Details: Section 221(d)(4)

  • Property Name:
    The Commerce Building
  • Property Address:
    333 Laurel Street Baton Rouge, LA 70801
  • Loan Amount: $17,033,500

  • Loan Code: 221(d)(4)
  • Units: 93

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