Developers Secure $66M for First Phase of Highland Park

By GlobeSt News Hub | December 19, 2011 at 01:01 AM

WASHINGTON, DC-Gragg & Associates, Donatelli Development and a patron of Invesco Real Estate have obtained a $66-million loan for the first phase of the 229-unit Highland Park apartment complex at 14th and Irving Streets NW in Washington, DC. Cassidy Turley has arranged the fixed-rate loan through the Fannie Mae DUS platform of Key Bank Real Estate Capital.

The apartment building is situated over the Columbia Heights Metro station. For the full story, go to Commercial Property Executive .

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