Walker & Dunlop Arranges $93M for Norman Jemal's Portfolio

WASHINGTON, DC-Norman Jemal, Principal of Douglas Development Corp., has secured a $93-million financing for a portfolio of Chinatown properties.

By GlobeSt News Hub | October 04, 2012 at 01:01 AM

WASHINGTON, DC-Norman Jemal, Principal of Douglas Development Corp., has secured a $93-million financing for a portfolio of Chinatown properties. Bethesda-based Walker & Dunlop Inc. arranged the financing for Douglas Development.

Walker & Dunlop arranged a $55-million financing from Deutsche Bank for a section of the properties, including 425 7th St. NW and 800 F St. NW. RBS Citizens will provide a $38-million interim financing for 726-738 7th St. NW and 704-718 7th St. NW. Walker & Dunlop's Sandor Biderman led the deal. For the full story, go to Washington Business Journal .

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