News
Bethesda Place Gets Cash
April 28, 2014
This morning, Cassidy Turley's Brad Geiger and Phil Mudd announced they arranged $45M in financing from Prudential for the owners of Bethesda Place II (which include Pollinger, Shannon & Luchs). That's the home of the Bethesda Safeway, Comcast SportsNet, and the HQs of First Potomac and Beech Street Capital. It's a 20-year, fixed-rate loan, and with rates dipping down at the moment, Phil tells us to expect more long-term holders to lock up long-term financing. (Spring always does seem to bring more long-term relationships, though typically in the form of weddings.)
