Square Mile Capital Management LLC today announced that it has originated a $127.6 million loan secured by a portfolio of office properties in Maryland’s Baltimore-Washington Corridor.

The loan was made to an affiliateof Greenfield Partners, a leading real estate investment manager in North America. The financing, which will be used to recapitalize the existing debt and provide capital for further lease-up across the portfolio, was arranged by Nicholas Seidenberg and Michael Zelin of EastdilSecured’s Washington, D.C. office.

The 1.2 million-square-foot-portfolio contains 21 assets located across suburban Maryland, and benefits from locations within the strong office submarkets of Hunt Valley, White Marsh, Columbia, and Hanover. The submarkets benefit from favorable population demographics, steady asking rents, low vacancy rates, and limited new supply.

Square Mile Vice President Eric Cohensaid, “This transaction was a compelling opportunity to establish a lending relationship with Greenfield Partners, while providing financing at a secure basis on a well-located portfolio with strong in-place cash flow. With Greenfield’s impressive track record, the portfolio’s stable performance and its strong tenant roster, we feel that it is well-positioned for continued success.”

About Square Mile Capital Management LLC

Square Mile Capital Management LLC is an integrated institutional real estate finance and investment management firm based in New York. The firm’s commercial real estate debt platform provides customized capital solutions for real estate assets throughout the United States. Square Mile’s opportunistic platform takes a value-oriented approach to its investment activities, with an emphasis on opportunities to invest in real estate assets or enterprises that are undervalued, complex or under-capitalized.