WASHINGTON, DC - JLL Capital Markets announced today that it has arranged $34.34 million in financing for the acquisition of The Mark, a 227-unit, mid-rise, value-add multi-housing community located in the Washington, D.C. community of Alexandria, Virginia.
JLL worked on behalf of the borrower, Washington Property Company, to secure a three-year, floating-rate, non-recourse, bridge loan with one-year extensions through MetLife Investment Management.
The Mark contains 34 unrenovated units, 90.
Jones Lang LaSalle Inc (via Public) / $34 34M in financing secured for DC-area multi-housing property publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.