Monday Properties and REPIA close $200 million construction loan for Moore Street

Monday Properties and Goldman Sachs' Real Estate Principal Investment Area (REPIA) closed a $200 million construction loan with Pacific Life Insurance Company for 1812 N. Moore St., a 580,000 s/f 35-story office tower close to downtown Washington, D.C. Monday Props. is the developer, operator and co-owner of 1812 N. Moore St. Anthony Westreich, CEO, Monday Props., said, "I am pleased to have Pacific Life as a participant in our exciting project. 1812 North Moore St. will set the new standard for office development and Pacific Life is one of the preeminent construction lenders in the nation. The collaboration reinforces the quality of this development." Tim Helmig, executive vice president and chief development officer at Monday Properties, said, "Our ability to execute this financing is a significant achievement. It reflects both this new property's strength as a future landmark and the vitality of the Rosslyn office market. We are fortunate to have teamed with Pacific Life on this endeavor."