John B. Levy & Company (JBLCO) has successfully secured an $11 million non-recourse construction mezzanine loan for the Lowell, a condominium development in McLean, Virginia. Working alongside a private equity fund, JBLCO invested to bridge the gap between the project’s first mortgage and equity position, providing crucial support for its progress.
According to John Levy, president of John B. Levy & Company, this accomplishment highlights their commitment to cultivating strategic partnerships and delivering financial solutions that drive success for innovative real estate projects.
The article “McLean Condo Lands $11M Construction Financing” was originally published on Connect CRE.
