"The River Pointe transaction was a deal that generated a significant interest in the lending community," says LJ Melody Washington, DC Office director Maury Zanoff. LJ Melody is the real estate banking division of real estate services firm CB Richard Ellis. "We received several quotes with favorable financing terms from lenders who were eager to work with Boone and finance this highly accessible and striking multifamily property. High leverage acquisition financing for a multifamily property demonstrates the appetite of the capital markets for product in Prince George's County."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Capital Markets
Multifamily
Washington, DC