The Dolben Company Secures $28.4M Loan For 209-Unit Multifamily In Mitchellville, MD

The Dolben Company, a landlord based in Mitchellville, MD, has secured a $28,400,000 loan from Eastern Bank for a multifamily property located at 11411 Lake Arbor Way. This property consists of 209 units and is situated in the Mitchellville market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $28,400,000
• Address: 11411 Lake Arbor Way
• Market: Mitchellville, MD
• Units: 209
• Lender: Eastern Bank
• Landlord: The Dolben Company
• Brokers: Jamie Leachman, Jacqueline Meagher, Madeline Joyce, and David Sloan - JLL

Jamie Leachman, Jacqueline Meagher, Madeline Joyce, and David Sloan from JLL successfully represented The Dolben Company in securing the loan. The involvement of these brokers played a crucial role in the negotiation process.