Apartment conversion set to begin at former downtown bank building

Construction crews are gearing up to convert 114 E. Lexington St., a former bank office building, into a 104-unit apartment complex.

The project is scheduled to start by the end of the month and be completed within 10 to 12 months.

UC Funding, a finance firm based in Boston, provided an $18.3 million bridge loan for Elkridge-based Hamel Builders and Bay Bridge Properties to acquire the building and convert it from offices to Class A residential apartments. The buyers acquired the property in late-December,…