JLL Secures $92.34M Loan For Luxury Apartment Building In North Bethesda, MD

JLL Capital Markets has secured $92.34 million in construction financing for Parcel H, a 354-unit luxury apartment building located at 5400 Mcgrath Boulevard in North Bethesda, Maryland. The four-year, floating-rate loan will fuel the development of the multifamily property, adding to the growing real estate market in North Bethesda.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $92,340,000
• Address: 5400 Mcgrath Boulevard
• Market: North Bethesda, MD
• Units: 354

The landlord of Parcel H is Anthony J. Barsanti, representing LCOR. The brokers involved in the deal are Jamie Leachman, Jim Cadranell, Jon Mikula, and Ryan Carroll from JLL.