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.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
