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EagleBank Provides Financing for Affordable Housing in Columbia Heights Neighborhood of Washington, DC

Globe Newswire - Tue Jun 14, 2022

BETHESDA, Md., June 14, 2022 (GLOBE NEWSWIRE) -- EagleBank, one of the largest community banks in the Washington, D.C. area, today announced it provided $25MM for the refinancing and pre-development costs of a more than 125-unit affordable housing property in the Columbia Heights Neighborhood of Washington, DC. The project is sponsored by Somerset Development Company, LLC of Washington, DC and Jonathan Rose Companies of New York, NY.

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Provided Content: Content provided by Globe Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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