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| 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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