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GFI's First DC Deal Shows Off Financial Engineering Creds

WASHINGTON, DC—The company refinanced a Georgetown building with percentage rent. Remember percentage rent?

By Erika Morphy | erikamorphy | Updated on March 09, 2016

WASHINGTON, DC—New York City-based GFI Realty Services recently closed its first financing in the Washington DC area, doing what it says it does best: securing financing for complex or unusually-structured transactions.

GFI Realty’s finance group, led by Daniel Lerer and Will Watkins, secured approximately $21 million of long-term, fixed-rate financing in two separate transactions for the private owner of a 42,500-square foot retail and office complex located in Georgetown at 3251 Prospect St., NW and 3222 North St. NW (or better known to Washingtonians as Cafe Milano). An Indianapolis-based life insurance company provided the funds.

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