JLL secures $38.5 million loan for Maryland office building

JLL Capital Markets, a commercial real estate services firm, has announced arranging a $38.5 million loan for a 240,000-square-foot office building, known as District IV, located within The District at King Farm in Rockville, MD.

The JLL team secured the $38.5 million acquisition financing through Ladder Capital. The borrower, BLT Green Hollow, is a partnership between Building and Land Technology and Green Hollow Capital Partners, along with Banyan Street Capital, a premier commercial real estate owner and operator.

The building is part of the recently rebranded District at King Farm, which comprises four assets totaling over 750,000 square feet of office and retail space. Banyan Street Capital owns a stake in 700, 702 and 800 King Farm Boulevard (District I, II, and III).