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1401 Blair Mill Road
FINANCED

PGIM Real Estate Provides $188M Loan For Tower Companies' Multifamily Portfolio In Silver Spring

1401 Blair Mill Road

MultiFamily
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Summary

Loan
MARYLAND
MultiFamily

The Blairs, a five-property multifamily portfolio located at 1401 Blair Mill Road in downtown Silver Spring, Maryland, has secured $188 million in fixed-rate financing from PGIM Real Estate, according to the loan transaction dated November 13, 2023.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $188,000,000
  • Units: 1,396
  • Market: Silver Spring, MD

Trevor Arnholt of PGIM Real Estate represented the lender in this transaction, providing the significant loan to Tower Companies, represented by Brian Abramson, the landlord of The Blairs. Tower Companies owns the five-property multifamily portfolio in downtown Silver Spring.

It is noteworthy that PGIM Real Estate, a leading real estate investment management firm, has provided The Blairs with $188 million in fixed-rate financing for their multifamily portfolio in downtown Silver Spring, Maryland.

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Details

Deal Summary
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FINANCED
IMAGE: Trevor Arnholt & Brian Abramson DATE: 11/13/2023 ADDRESS: 1401 Blair Mill Road MARKET: Silver Spring, MD ASSET TYPE: Multifamily ~ UNITS: 1,396 LENDER: Trevor Arnholt - PGIM Real Estate LANDLORD: Brian Abramson - Tower Companies LOAN AMOUNT: $188,000,000 NOTE: PGIM Real Estate has provided $188 million in fixed-rate financing for The Blairs, a five-property multifamily portfolio owned by Tower Companies in downtown Silver Spring, Maryland.

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Address1401 Blair Mill Road

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