FINANCED
JLL Secures $92.34M Loan For Luxury Apartment Building In North Bethesda, MD
5400 Mcgrath Boulevard
MultiFamily
Financed 155 days ago
Summary
Loan
MARYLAND
MultiFamily
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.
Players
All
5
Agents
4
Agencies
1
Details
FINANCED
IMAGE: Anthony J. Barsanti, Jamie Leachman, Jim Cadranell, Jon Mikula & Ryan Carroll
DATE: 11/28/2023
ADDRESS: 5400 Mcgrath Boulevard
MARKET: North Bethesda, MD
ASSET TYPE: Multifamily ~ UNITS: 354
LANDLORD: Anthony J. Barsanti - LCOR
BROKERS: Jamie Leachman, Jim Cadranell, Jon Mikula & Ryan Carroll - JLL
LOAN AMOUNT: $92,340,000
LOAN TERMS: four-year, floating-rate loan
NOTE: JLL Capital Markets has secured $92.34 million in construction financing for Parcel H, a 354-unit luxury apartment building in North Bethesda, Maryland.View on map
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Address5400 Mcgrath Boulevard
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