KB Bank Provides $119.1M Loan For Mixed-Use Property In Rockville, MD

The mixed-use property located at 1801 Chapman Ave in Rockville, MD has been involved in a recent closed transaction. The property spans a total of 150,000 square feet and is characterized by its versatile usage.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $119,125,000
• Date: 05/10/2022
• Market: Rockville, MD

The loan for this transaction was provided by KB Bank. The loan, amounting to $119,125,000, was classified as an acquisition loan. The loan terms agreed upon stipulated a 5-year term.

EastSky Properties acted as the landlord in this transaction, representing the property's ownership. The brokers involved in the deal were Henry Stimler, Charles Han, and Bill Weber from Newmark. They served as representatives for the interested parties.