BETHESDA, Md., Feb. 02, 2022 (GLOBE NEWSWIRE) -- EagleBank, one of the largest community banks in the Washington, D.C. area, today announced it provided $51 million in financing to support the acquisition and renovation of the Stanton Glenn Apartments, a 379-unit affordable housing complex located in southeast Washington, DC. The project is sponsored by Concord Communities, a wholly-owned subsidiary of national real estate investor, manager and developer Lowe that provides quality affordable housing through rehabilitation or new construction.
EagleBank Provides Acquisition Financing for Affordable Housing Complex in Southeast Washington, D.C.
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