WASHINGTON, DC-Two financing transactions secured by Cassidy Turley here show that, no matter what turmoil the larger capital markets are in, money can still be had for good deals. In one, Cassidy Turley secured construction financing on behalf of Donatelli Development, Gragg & Associates and Invesco Real Estate for Highland Park Phase II, a 144 unit apartment project at the Columbia Heights Metro station at 14th and Irving streets. In the other, it helped Persimmon Capital Partners arrange CMBS financing for its acquisition of 8301 Professional Dr. in Landover, MD from Advance Realty Group.

The events of August--namely the downgrade of US debt and subsequent stock market plunge--have had an impact on finance but construction financing is still available, Cassidy Turley’s David Webb tells GlobeSt.com. “Offshore banks have pulled back more noticeably than domestic banks but locally we are not seeing any major scaling back on the lending side” Webb says. “We are seeing some of the equity investors proceed a little more cautiously but nothing dramatic.”

M&T Bank provided the financing for the Highland project. Webb and colleague Jamie Butler of Cassidy Turley acted as advisor to Donatelli Development on both the equity and debt financing. Highland Park Phase II is scheduled to deliver in the first quarter of 2013.

In the second deal, Cassidy Turley’s John Campanella and Paul Spellman arranged the acquisition financing of 8301 Professional Place, a 137,000 square foot class A office building, for buyer Persimmon Capital Partners. “It was a CMBS loan,” Campanella tells GlobeSt.com. “For good sponsors we are still seeing good pricing from CMBS. Also, we weren’t pushing the leverage.”

The building was built in 1979 and renovated between 2004 and 2007. It is now 97% leased.