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JBG Gets $65M Financing For Bethesda Hotel

JBG Cos. has received $65 million in short-term financing for its Bethesda North Marriott Hotel.

JBG Cos. has received $65 million in short-term financing for its Bethesda North Marriott Hotel, GlobeSt reports. The financing for the deal was provided by Mesa West Capital’s east coast principal Raphael Fishbach.

This credit facility will replace an existing life insurance company loan. The hotel’s capacity was increased to 447 rooms from 225 as part of the expansion, which was one of a series of projects undertaken through a joint venture between JBG and San Francisco–based MacFarlane Partners.

Click here for the story from GlobeSt.

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