Colliers Secures $232.7 Million Loan For 1,225 Unit Multifamily Acquisition In Maryland

The asset consists of multifamily properties located at 9400 Grand Boulevard, 4401 Telfair Boulevard, and 4451 Telfair Boulevard in the Upper Marlboro and Suitland, MD markets, encompassing a total of 1,225 units. The transaction involved a loan amount of $232,700,000 for acquisition purposes.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $232,700,000
• Loan Type: Acquisition
• Units: 1,225
• Lender: Colliers
• Landlord: 29th Street Capital
• Brokers: Shahin Yazdi & Jonathan Lee - Colliers

The transaction was facilitated by brokers Shahin Yazdi and Jonathan Lee, representing Colliers in the deal. Their involvement underscores the professional engagement in securing financing for the multifamily properties involved.