Falcons seeking $850 million construction loan for new stadium

The Atlanta Falcons soon expect to secure an $850 million construction loan to help finance the team’s new $1.5 billion stadium. “We have received verbal and written commitments in excess of what we need,” Elliott McCabe, a sports financier with Bank of America, said during an April 28 meeting of the Georgia World Congress Center Authority (GWCCA). The Falcons on April 16 held a meeting with prospective lenders and expect the loan to close into escrow on May 7. “The feedback has been very…