**Hilco Global Provides $47.5M Loan for Chattanooga’s The Bend Development**
Hilco Global has extended a $47.5 million loan to support the recapitalization and ongoing development of The Bend, a large-scale, mixed-use riverfront project in Chattanooga, Tennessee. The project is spearheaded by Urban Story Ventures (USV).
The newly structured loan enhances the project’s capital framework, allowing for the sale of individual land parcels to vertical developers and encouraging participation from new equity partners aligned with the long-term vision of the development.
Located along more than 3,000 linear feet of Tennessee River frontage and adjacent to downtown Chattanooga, The Bend spans over 100 acres. The master plan includes approximately 1,700 residential units, 1.1 million square feet of office space, 1.2 million square feet of retail, 600 hotel rooms, entertainment and cultural venues, and a 300-slip marina.
According to an independent economic impact analysis conducted by Younger & Associates, The Bend is projected to generate nearly $1 billion in new investment over the next 30 years.
