Citigroup Supplies $28M Refi for Revived Office Building in Arlington, Va.

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Jemal Equities secured a $28 million commercial mortgage-backed securities loan from Citigroup to refinance a 10-story office building at 1530 Wilson Boulevard in Arlington, Virginia. The financing supports the developer’s efforts to revive the previously struggling property.

A Washington, D.C., developer has secured fresh capital to continue engineering the turnaround of a once-struggling office building just across the Potomac River. Jemal Equities, which is run by Douglas Development Managing Principal Matthew Jemal, has landed a $28 million commercial mortgage-backed securities loan to refinance its 10-story office property at 1530 Wilson Boulevard, in […]