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WASHINGTON, DC-RREEF, which acquired 1250 Eye St., NW, in 2006 on behalf of a client, has refinanced the 175,301-square foot building with an aggressive $41.1 million fixed-rate loan from a life insurance company. Cassidy Turley’s John Campanella and Paul Spellman helped arrange the financing.

Campanella calls the transaction one of the most competitive the company has arranged to date in the District. It is seven-year, interest-only financing “and very competitive rate-wise,” he tells GlobeSt.com. Campanella declined to provide the rate but did note that the building was hotly pursued by other lenders that were pitching bids “in the sub 3% range.”

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