WASHINGTON, DC–DC area sponsors are closing financing transactions as the end of the year looms and lenders near the end of their commercial real estate allocations for 2016.
Recent transactions include:
- Lowe Enterprises Investors secured a floating-rate loan with Square Mile Capital to refinance Jefferson Plaza, a 270,286-square-foot office located at 1401 S. Clark St., in Arlington, VA. HFF placed the loan.
- Lowe Enterprises also secured a floating-rate loan with KKR Financial to refinance 1400 Crystal Dr. HFF has placed this loan as well.
- Spitzer Enterprises refinanced One Bethesda Center with a $51 million, five-year CMBS loan that has full-term interest only payments. Citigroup Global Markets provided the financing and Meridian Capital Group's New York City office negotiated the loan. The new five-year financing will replace the original acquisition loan.
WASHINGTON, DC–DC area sponsors are closing financing transactions as the end of the year looms and lenders near the end of their commercial real estate allocations for 2016.
Recent transactions include:
- Lowe Enterprises Investors secured a floating-rate loan with Square Mile Capital to refinance Jefferson Plaza, a 270,286-square-foot office located at 1401 S. Clark St., in Arlington, VA. HFF placed the loan.
- Lowe Enterprises also secured a floating-rate loan with KKR Financial to refinance 1400 Crystal Dr. HFF has placed this loan as well.
- Spitzer Enterprises refinanced One Bethesda Center with a $51 million, five-year CMBS loan that has full-term interest only payments.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
