6/12/2008

HFF arranges $75M in acquisition funding

by
The Washington, D.C., office of Holliday Fenoglio Fowler has arranged $75 million financing for the MBA Headquarters Building in Washington, D.C.

The financing was arranged by Bill Asbill, Bob Donhauser and Cary Abod on behalf of the borrower, the Mortgage Bankers Association.

The building is located between 13th and 14th Streets at 1331 L St. NW. It contains 169,430 square feet and was built in 2008. The acquisition loan was structured as a variable-rate, 30-year taxable bond transaction enhanced by a Letter of Credit Facility provided by PNC Bank. Wells Fargo, Chevy Chase Bank and Virginia Commerce Bank participated in the Letter of Credit Facility.

Address: 1331 L St. NW, Washington, D.C.

Size: 169,430 square feet

Built: 2008

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Filed Under: Office

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