Modera Avenir PlaceVIENNA, 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.
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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.
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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.
