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CWCapital Eyes Washington Market

WASHINGTON, DC-CWCapital expects to lend between $300 million to $500 million over the next six months.

By Erika Morphy | Updated on July 06, 2006

(To read more on the debt and equity markets, click here.)

WASHINGTON, DC-CWCapital’s newly launched construction lending platform has come out of the gate with two transactions totaling $252 million in financing — one of which is in the DC area. According to Kent Daiber, senior managing director of the structured finance division, the firm provided financing to a joint venture between IBG Partners in Washington, DC and an outside developer to construct the Yale Steam Laundry condominiums, to be located on 437 New York Ave., NW.

Daiber tells GlobeSt.com he has another large deal in the pipeline of $100 million as well as a $40-million industrial transaction in New York in the works. In the DC area, he says, “we are looking at a quasi construction project for a couple of hotels.”

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