CAPITAL ADVISORS SECURES $23.4M LOAN FOR LIBRARY OF CONGRESS ANNEX

LANDOVER, MD. — Capital Advisors has arranged $23.4 million in acquisition financing for The Library of Congress Annex, a 216,000-square-foot specialized industrial facility located at 1701 Brightseat Road in Landover, just outside Washington, D.C. The Library of Congress uses the facility to store rare books, valuable historical documents and archival records. Cooper Willis of Capital Advisors’ Charlotte, N.C., office arranged the 10-year loan with a 30-year amortization schedule through a CMBS lender. The loan features 24 months of interest-only payments.