(To read more on the debt and equity markets, click here.)
WASHINGTON, DC-CWCapital's newly launched construction lendingplatform has come out of the gate with two transactions totaling$252 million in financing -- one of which is in the DC area.According to Kent Daiber, senior managing director of thestructured finance division, the firm provided financing to a jointventure between IBG Partners in Washington, DC and an outsidedeveloper to construct the Yale Steam Laundry condominiums, to belocated on 437 New York Ave., NW.
Daiber tells GlobeSt.com he has another large deal in thepipeline of $100 million as well as a $40-million industrialtransaction in New York in the works. In the DC area, he says, "weare looking at a quasi construction project for a couple ofhotels."
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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.
