NorthOak Provides $14.7 Million Construction Loan For Multifamily Asset In Silver Spring

The property asset involved in this transaction is a multifamily building located at 8727 Colesville Road in Silver Spring, MD. It encompasses a total square footage of 178,595 and consists of 252 units. The loan amount secured for this asset is $14,700,000, categorized under construction loan type, with a loan term of 3 years.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,700,000
• Address: 8727 Colesville Road
• Market: Silver Spring, MD
• Asset Size: 178,595 SF
• Units: 252
• Lender: NorthOak
• Broker: Dean Ofer - Harborview Capital Partners
• Loan Type: Construction
• Loan Terms: 3 Years

The deal was facilitated by Dean Ofer, representing Harborview Capital Partners as the broker in this transaction. For inquiries related to the transaction, Dean Ofer can be contacted directly at 646-733-8520 or via email at [email protected].