BoA Merrill Lynch Provides $25M CMBS in Herndon Deal

HERNDON, VA-Bank of America Merrill Lynch provided the financing to Parmenter Realty Partners for its acquisition of 460 Herndon Pkwy earlier this year, GlobeSt.com has been told on an exclusive basis. It was a $25.4 million CMBS that had to be carefully structured to meet the deal’s requirements, Gideon Gil, a Cushman & Wakefield Equity, Debt & Structured Finance managing director, tells GlobeSt.com. C&W served as exclusive advisor in the financing of the ten-year, fixed-rate loan. “This was not a plain-vanilla transaction – it required some creativity on the lender’s side,” Gil says, declining to provide more details due to client confidentiality.