WASHINGTON, DC-Fisher Bros. has secured a $100.7 million, 20-year construction-to-permanent loan with an institutional investor for its transit-oriented urban infill project in the H Street Corridor. HFF's Sue Carras, Walter Coker and Brian Crivella placed the debt. The institutional investor was represented by Cornerstone Real Estate Advisers.
The project, 701 2nd Street Apartments, is a 10-story, Class A multifamily-retail development expected to deliver in December 2014. It will consist of 378 luxury residential units, 25,517 square feet of ground-floor retail space and a 309-space subterranean parking garage.
Fisher Bros. is a third generation, family-owned real estate and investment company. The company has developed more than 12 million square feet and owns more than seven million square feet of class A office space in New York and Washington, DC.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
