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

11411 Lake Arbor Way

$28,400,000

Building Size

—

Asset Type

MultiFamily

Closing

Jan 16, 2023

AI

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.

Players