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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
CIT Co-Lead Arranges $90.6MM Financing for Multifamily Project in Washington, D.C
Thursday, September 19, 2019
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Lenders/Participants
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CIT Real Estate Finance [Co-Lead Arranger]
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Structure
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Credit Facility
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Amount
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$90.600
Million
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Borrower(s)
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MRP Realty and Barings
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Description
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The project will be built by a joint venture managed by MRP Realty and Barings, one of the world's largest diversified real estate investment managers, on behalf of institutional investors. The project will consist of 387 units of studio, one- or two-bedroom apartments with 30 units designated as affordable housing. Completion is expected in the fourth quarter of 2021. Transaction details not disclosed.
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Industry
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Real Estate
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CIT Real Estate Finance
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ABL Advisor
Deal Tables
2024
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