September 3, 2025 T-Max Lending LLC is pleased to announce the successful closing of a $26.2 million construction loan for an Alaska-based borrower to develop a 78-unit Class A office building in downtown Anchorage. The project will rise adjacent to the historic former site of the 4th Avenue Theatre and is scheduled to break ground in mid-November 2025.
The loan, structured on a 36-month term at 8.9%, provides the borrower with the financial foundation to bring this high-profile project to life. The development aims to modernize Anchorage’s commercial landscape, offering tenants and visitors a unique combination of workspace and lifestyle features. The new office building will feature a comprehensive suite of modern amenities, including: A multi-level car park, State-of-the-art conference hall, Onsite childcare facilities, Convenience amenities for daily needs, Healthy dining options, Fully equipped fitness facilities, Outdoor workspaces designed to foster collaboration and wellness.
The borrower expressed his gratitude following the loan closing: “This is a dream coming true before my eyes. After years of planning, investment, and perseverance, I can finally see this vision take shape. None of this would have been possible without the support of T-Max Lending, and I’m deeply thankful for their role in making this a reality.”
Jackson Valerie, Vice President Originations at T-Max Lending LLC, added “We are proud to partner on a project that will not only redefine the office experience in Anchorage but also support the broader economic growth of the community. At T-Max Lending, we specialize in structuring financing solutions for transformative projects, and this deal is a strong example of our commitment to supporting visionary developers nationwide.”
The project is expected to be a cornerstone development for downtown Anchorage, combining functionality, sustainability, and community-focused amenities to attract both local and national tenants.