June 2012 - Bostonia Closes on Credit Tenant Lease Financing for Dulles Discovery 3 in Herndon, Virginia
June 2012 - Bostonia recently closed on the construction to permanent financing for Dulles Discovery 3, a 429,824 SF secure office facility in Herndon, Virginia. The building is the third phase of the Dulles Discovery office campus. The building will be constructed over 24 months using phased construction draws. The building is leased to a confidential tenant for fifteen years, subject to annual appropriations. The financing amount is confidential and carries an uninsured balloon that represents 60% of overall borrowing.