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CMA
February 09, 2018  

Tishman Seeks Loan for DC Rentals

Tishman Speyer wants to line up about $133 million of debt for the development of an apartment property in Washington.The New York firm is seeking floating-rate debt, with a term of around three years, to finance construction of a 440-unit complex in the Capitol Riverfront submarket. The proposed leverage is in the neighborhood of 55%, putting the cost of construction at some $240 million. Eastdil Secured is pitching the assignment to a range of...


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