VIENNA, VA–A joint venture between Mill Creek Residential Trust and institutional investors advised by J.P. Morgan Asset Management have secured a $156.2 million floating-rate loan with MetLife Investment Management to retire construction debt.
The property is Modera Avenir Place, a residential community here.
HFF team represented the borrower in the transaction. Team members included Nicole Brickhouse, Jamie Leachman, Jennifer Keller, Mike Tepedino, Sue Carras, Walter Coker and Brian Crivella.