Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BETHESDA, MD-Real estate investment management firm CrossHarbor Capital Partners LLC has funded a $16-million subordinated participation in a $35-million mezzanine loan that will assist in the $136-million acquisition of the Gallery at White Flint luxury apartment community and its conversion into condominiums.

The mezzanine loan, to an unnamed borrower, is being spearheaded by TriSail Capital Corp., an affiliate of Bank of America. The Donohoe Cos. completed development of the 453-unit apartment complex this summer.

Located at 11710 Old Georgetown Rd. across from the White Flint Metro station, the Gallery at White Flint consists of two 16-story structures containing over 400,000 sf of residential space, and a community building with a fitness center, business center and clubroom. The property also features a three-story parking facility. While the condominium conversion has not yet taken place, units are currently being marketed for sale.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.