Walker & Dunlop, Inc. announced this week that its subsidiary, Walker & Dunlop, LLC had arranged $93 million in financing for Norman Jemal for a portfolio of four mixed-use properties in Washington, DC's Chinatown neighborhood. Walker & Dunlop Senior Vice President, Capital Markets, Sandor Biderman led the Walker & Dunlop team according to a Washington Business Journal article.
Deutsche Bank provided $55 million in permanent financing for the 119,000 square-foot building at 800 F Street NW and the 35,000 square-foot property at 425 7th Street NW. The building located on F Street contains the International Spy Museum along with nine apartments and tenants that include Varian Medical Systems, Washington Media and Ziemba Waid Public Affairs. The property at 425 7th Street is comprised of a cluster of three-story buildings with office and retail space and features restaurants, Carmine's and Luke's Lobster.
RBS Citizens provided the $38 million in interim financing for 704-718 7th Street NW and 726-738 7th Street NW/702 H Street NW, totaling more than 100,000 square feet in several buildings. Douglas Development houses its headquarters in the space.
For more news and information visit Blumberg Capital Partners.
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