WASHINGTON, DC-Aztec Group, Inc. has secured financing in the amount of $3,500,000 for the 3301 M Street building. The mixed-use residential and retail building is situated in the center of Georgetown in Washington, DC.
The property, which also includes 6 underground parking spaces and 10 rental apartments, houses Qdoba Restaurant and Georgetown Cupcake. A New York-based conduit lender provided the financing. The 10-year fixed-rate financing includes a 60% loan-to-value and a 30-year amortization. Charles Penan and Howard Taft handled the deal.For the full story, go to Florida Real Estate Journal.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.