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 provided by Bank of America for the buyer.SEE ALSO: Union Bank Pays $54M for 500,000 Square Feet of Dirt in … Continue reading Bank of America Provides $31M in CMBS Financing for 2 DC Office Buildings