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EagleBank Provides Construction Financing for JBG's Downtown McLean Condo

McLEAN, VA--JBG Cos. has had this project in the planning stages for years, according to HFF.

By Erika Morphy | erikamorphy | | Updated on July 14, 2016
The Signet rendering The Signet rendering

McLEAN, VA–HFF has secured construction financing for a condo project JBG Cos. is developing in this submarket after keeping it in the planning stages for several years.

Sue Carras, Walter Coker and Brian Crivella arranged a construction loan from EagleBank. Meanwhile joint venture partner Clark Enterprises kicked in some equity. The amounts weren’t disclosed and HFF did not return a call from GlobeSt.com to comment.

JBG Cos. broke ground on the 123-unit luxury building, called The Signet, earlier this year. When it delivers in 2018, it will the first single-level condo project in ten years for McLean.  It stayed in the planning stages for several years to accommodate the requests of McLean’s constituents .

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