EXCLUSIVE: New USCIS HQ Project Lands $245M Loan

Law360 (March 7, 2018, 3:46 PM EST) -- An affiliate of developer Peter N.G. Schwartz Management Co. has landed more than $245 million in construction financing from Federal Funding Group LLC for the U.S. Citizenship and Immigration Services' new national headquarters facility in Maryland, Katten Muchin Rosenman LLP told Law360 on Wednesday.

Katten Muchin represented Peter N.G. Schwartz affiliate One Town Center LLC on the financing deal, which will help fund the 575,000-square-foot project in Prince George's County, Maryland.

The project is located in Camp Springs, Maryland, and USCIS will lease the building through a U.S. General Services Administration lease.

The $245 million loan upon closing was transferred to...

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