WASHINGTON, DC-UBS Asset Management and J Street Cos. have secured$18 million in financing on a building that was free of any debt. Theborrowers received funds for the building, 1100 G St., from TDBank. HFF director Dan McIntyre helped arrange the financing.

The financing was a straightforward transaction, McIntyer tellsGlobeSt.com. “The only twist is that the funding was set up as athree-year revolving line of credit upon which the borrowers coulddraw down.” Unencumbered with debt, the building’s financing provideslittle guidance about how well, or not, the capital markets areperceiving DC area real estate or where valuations are at the moment.

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