189,700 Sq. Ft. Office Building
Financing Amount: $64,000,000
Secure financing for a well-located, class-A office property with significant lease-up requirements and a six-week closing time frame.
In order to provide the client with a maximally flexible solution during this short time frame, Meridian simultaneously negotiated both fixed- and floating-rate term sheets, with future funding available upon leasing achievements, illustrating to lenders the merits of the sponsor’s business plan given the strong office leasing market in Washington, DC.