The mezzanine loan, to an unnamed borrower, is being spearheaded by TriSail Capital Corp., an affiliate of Bank of America. The Donohoe Cos. completed development of the 453-unit apartment complex this summer.
Located at 11710 Old Georgetown Rd. across from the White Flint Metro station, the Gallery at White Flint consists of two 16-story structures containing over 400,000 sf of residential space, and a community building with a fitness center, business center and clubroom. The property also features a three-story parking facility. While the condominium conversion has not yet taken place, units are currently being marketed for sale.
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