Ovation 309 secures $49M loan

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U.S. Bank and Hovde West Johnson, LLC have closed on a $49 million loan to finance Ovation 309, the 14-story apartment tower that will also house the administration offices for the City of Madison Fire Department. The mixed-use project at 309 W. Johnson St. will include 255 apartment units, 9,500 sq. ft. of retail space, and 44,700 sq. ft. of office space. It is expected to open in June 2015.

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