HSBC Provides $55M Loan for 100 M St., SE

WASHINGTON, DC-HSBC Realty Credit Corp. has provided a $54.7 million loan for 100 M St., SE, a building was part of the Opus East bankruptcy. The three-year loan has two, one-year extension options and a sub 3% interest rate.

Northwood Investors is the building’s owner, having purchased the note in 2010, when the building was only 45% leased. Now it is 70% leased – a point that helped persuade the lender, CBRE’s Matt Williams tells GlobeSt.com. “They did a great job with the leasing and had gotten to the point where they wanted to refinance.” CBRE Capital Markets arranged the financing for the 243,221-square foot building.