8A — November 14 - 27, 2014 — M id A tlantic
Real Estate Journal
L ender ’ s D irectory Cassidy Turley’s Philip Mudd and Bradley Geiger represent owner in transaction Cassidy Turley arranges $20m in financing for National Real Estate Advisors & The Lenkin Co.
cial real es- tate services provider in t h e U . S . , announced that it has arranged fi- nancing for 1625 Mas- sachusetts W
conference center, totaling approximately 6,000 s/f. It also features a two-story lob- by and underground garage with 200 parking spaces. The building is located just two blocks from Dupont Circle, with access to public transportation, including the Dupont Circle Metro Station (Red Line), a Capital Bike- share station, located on the East side of the building, and approximately 15 bus lines, including the DC Circulator, located within two blocks. 1625 Massachusetts Ave. is 97% leased. n
venture with The Lenkin Company . Executive managing direc- tor, Philip Mudd and vice president, Bradley Geiger , of Cassidy Turley, arranged permanent financing, total- ing $20 million. Prudential was the lender. 1625 Massachusetts Ave, a 117,000 s/f office building, is located in Washington DC’s Central Business District. The property contains recent improvements, including upgraded common areas and bathrooms, as well as a planned fitness center and
ASHINGTON, DC – Cassidy Turley , a leading commer-
Ave. in Washington, DC. The property is owned on behalf of National Real Estate Advisors ’ open-end, build-to-core fund, in joint
1625 Massachusetts Ave.
MONTGOMERY COUN- TY, PA — GFCIB and Advisors, LLC announced that it has secured financing through its affiliated com- pany, DIP Lending, LLC for a private real estate partner- ship in Pennsylvania. The ownership engaged GFCIB and Advisors, LLC to provide exclusive financial advisory and loan placement services to them. Managingmember, H. Jack Miller said “On this deal we represented the ownership of a parcel of commercial devel- opment land in Montgomery County, Pennsylvania that had the land under agreement of sale. There was an opportu- nity with its existing lender to pay it off and receive a sub- stantial discount” GFCIB ar- ranged for a refinance on the property to take advantage of the discount the bank was offering through an affiliated company DIP Lending, LLC. Miller said that “We have done numerous transactions with this client and like most of our transactions they are repeat clients and referrals and it is very gratifying when they are pleased and keep coming back.” GFCIB and Advisors, LLC, a nationally recognized advi- sory firm for commercial real estate owners, developers, builders and mid-sized busi- nesses, focuses on provid- ing advisory services to cli- ents, including restructuring, workouts, and financing. DIP Lending, LLC is a private lender of companies in Chapter 11 Bankruptcy or under financial distress. n GFCIB secures financing through DIP Lending in PA
Made with FlippingBook - Online catalogs