Skip Ribbon Commands
Skip to main content

News release

WASHINGTON, D.C.

JLL arranges $60 million in financing for Bainbridge Bethesda Apartments


​JLL's Capital Markets experts today announced the company originated $60.5 million to refinance Bainbridge Bethesda Apartments, a 200-unit multifamily community in Bethesda, Maryland. The HUD-insured loan was provided via FHA's Section 223(a)(7) program. ​

International Director Kevin Filter led the JLL team on the financing on behalf of Bainbridge Bethesda.

"Our knowledge of how to work with HUD is a crucial factor in securing the most favorable terms for our clients," said Filter. "We were pleased to walk Bainbridge Bethesda through the complex nature of this transaction, and pride ourselves on securing financings that are not only great for our client, but for the community."

Bainbridge Bethesda Apartments includes 7,700 square feet of ground floor commercial space, a green roof, an outdoor swimming pool and a picnic and BBQ area. The community is located close to restaurants, retail outlets, public transportation and other downtown amenities.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2016 alone, JLL Capital Markets completed $136 billion in investment sale and debt and equity transactions globally. The firm's Capital Markets team comprises more than 2,000 specialists, operating all over the globe.

For more news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more news, videos and research resources on JLL, please visit the firm's U.S. media center Web page: http://bit.ly/18P2tkv.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.