Wednesday, January 16, 2013

HFF advises 4990 Fairmont LLC, on capitalization for The Fairmont, a planned 70-unit condominium in Bethesda, MD



Sue Carras
 WASHINGTON, D.C. – HFF announced today that it has closed the capitalization of Phase I of the Fairmont, a planned 70-unit condominium project at the corner of Old Georgetown Road and Fairmont Avenue, on behalf of the developer, and arranged acquisition financing for the joint venture that now owns the site.

                HFF advised the developer, a joint venture between Tim Eden and Tom Albert.

Walter Coker
HFF also arranged a $6.5 million, acquisition and pre-development loan through Bank of Georgetown on behalf of the new joint venture.  The Bank of Georgetown team was led by Rich Bernardi and Martin McCarthy.

The Fairmont will consist of 17 levels of condominiums.
The HFF debt and equity team representing the developer was led by senior managing director Sue Carras, managing director Walter Coker and director Brian Crivella.

  For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com



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