COLUMBIA, MD-The 170,000-sf office complex known as Century Plaza is about to get refinanced, a deal has been put in place for its owner. Through real estate investment-banking firm John B. Levy & Co., borrower BRIT LP has secured a $21 million loan for the purpose of refinancing Century Plaza, which sits on Little Patuxent Pkwy.

The site consists of two 90% occupied, four-story structures from the 1970s, located just 15 minutes away from Baltimore-Washington Airport. The financing has been made available n the form of a 10-year permanent mortgage that will amortize over a 30-year period.

“We were able to secure an excellent rate and terms in part due to the strength of the borrower, but also the market and the location,” John B. Levy & Co. president John B. Levy says. “These office buildings are exceptionally located in one of the richest communities in Maryland–and have maintained a steady tenancy since opening.”

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