BETHESDA, MD – Owner and developer, JBG Smith has completed $385million in Freddie Mac financing, encompassing separate loans onthree multifamily assets.
For this transaction, Wells Fargo Multifamily Capital served asthe Freddie Mac Optigo lender.
Each of the 10-year, floating-rate loans have a five-year,interest-only period, at a blended rate of LIBOR + 251 basispoints. The loans are not cross-collateralized orcross-defaulted.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
