Ascendra Capital And David Steinberg Secure $10,725,000 Loan For Office Asset In Silver Spring

The property asset involved in this transaction is located at 8455 Colesville Road in Silver Spring, MD. The asset type is an office space, and the acquisition loan amount is $10,725,000.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $10,725,000
• Lender: Seth Grossman & Ronnie Levine - Green Pine Real Estate; Scott Larson - Obra Real Estate
• Landlord: Ascendra Capital & David Steinberg & Eli Fleischman - Blue Management Services
• Landlord's Representative: Morris Betesh - Arrow Real Estate Advisors
• Loan Type: Acquisition

The key individuals and companies involved in this deal include Seth Grossman and Ronnie Levine representing Green Pine Real Estate, and Scott Larson representing Obra Real Estate as lenders. Additionally, Morris Betesh serves as the landlord's representative from Arrow Real Estate Advisors, while the landlords comprise Ascendra Capital and Blue Management Services, represented by David Steinberg and Eli Fleischman.