WASHINGTON, DC–JBG SMITH has secured a refinancing loan for its Atlantic Plumbing infill mixed-used development that it delivered a few years ago.
ING Capital as the administrative agent, led a $110 million refinancing of the 310-unit multifamily residential and retail project located at the intersection of 8th and V streets in Northwest Washington, DC. ING was joined by BMO Harris Bank as co-lender. The loan is secured by a first mortgage on the property.
JBG SMITH, when it was JBG Cos. and developing the ten-story project, secured a a four-year $99.2 million construction loan from Capital One.
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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.
