BETHESDA, MD–Last month John Campanella, executive managing director of Equity, Debt and Structured Finance at Cushman and Wakefield, secured a loan for MRP Realty for Montgomery Tower, a 12-story Class A building here.
“It was a fantastic execution,” Campanella tells GlobeSt.com.
All told, he said there were 12 interested lenders, including commercial banks, money center banks, and offshore banks — all chasing the deal very aggressively. The pricing ultimately was comparable to a stabilized asset in the CBD.
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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.
