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WASHINGTON, DC-Republic Properties has secured $243 million in bridge financing for Portals III, a 509,716-square foot office building located at 1201 Maryland Ave., SW. Cassidy Turley’s David Webb, Jamie Butler and John Campanella arranged the financing, a complex, multi-tiered structure that included five banks participating in a senior debt piece, plus a mezzanine loan provided by a private equity fund, and preferred equity position provided by a national pension fund adviser. The bridge financing proceeds will refinance the previous loan and fund future leasing costs.

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