WASHINGTON, DC-Citybizlist.com reported that Wells Fargo & Co. has arranged $41.4 million in permanent loan to finance the renovation of a historic housing complex in Washington, DC. The loan was secured for the reconstruction of Mayfair Mansions III.
Wells Fargo has closed the transaction on behalf of MM Property LLC, the borrower. The apartment complex is located at 3753 Jay St. NE. The renovation project started on Wednesday. For the full story, go to Washington Business Journal .
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