GFI Arranges $21M Financing for Retail, Office Properties in D.C.’s Georgetown District

WASHINGTON, D.C. — GFI Realty Services LLC has arranged $21 million in financing for retail and office space located in Washington, D.C.’s historic Georgetown district. Located at 3521 Prospect St. N.W. and 3222 North St. N.W., the properties total 54,500 square feet and comprise 42,500 square feet of retail space and 12,000 square feet of office space. One of the tenants includes Café Milano, an upscale Italian eatery. Daniel Lerer and Will Watkins of GFI Realty’s finance group arranged the long-term, fixed-rate financing in two separate loans through an Indianapolis-based life insurance company on behalf of the borrower, Robert Elliott.