Bank of America Provides $31M in CMBS Financing for 2 DC Office Buildings

The Modell family has received $31.2 million in financing for its acquisition of two Washington D.C.-based office buildings from EDG Corporation, Commercial Observer has learned. Savills secured a 10-year, fully interest-only, nonrecourse CMBS financing package from Bank of America (BAC) for the buyer, according to a prepared statement.SEE ALSO: JP Morgan Sells 179K-SF D.C. Office … Continue reading Bank of America Provides $31M in CMBS Financing for 2 DC Office Buildings