MARKET INSIGHTS
September 5, 2007

(Richmond, VA – August 20, 2007) – Richmond-based John B. Levy & Company, Inc. announced today the placement of $210,000,000 in long-term permanent financing on behalf of a Maryland-based real estate operating company that currently owns over 3 million square feet of office, medical office and retail space in the Washington, D.C./Baltimore areas. The five separate financings, totaling $210,000,000, were secured by five Class A office buildings located in the Greater Washington, D.C. area. The properties were financed with permanent mortgages having a fixed-rate of 5.76% with 10-year interest-only loans.

John B. Levy & Company is familiar with this market and multi-building projects and has arranged financing for numerous other projects in Maryland in recent years. “The locations, the strength of the projects and the markets made the deal extremely attractive, and further demonstrates that well located and properly structured transactions are aggressively sought by lenders,” said John B. Levy. The financing opportunities were hotly contested by both Wall Street and institutional lenders.

Firm Background
John B. Levy & Company, Inc. is a real estate investment-banking firm founded in 1995 and headquartered in Richmond, Virginia. In addition to investing its own proprietary funds into transactions with their clients, the firm raises equity and debt for developers and owners of commercial and multi-family projects nationwide. The firm has structured over $2 billion in financing. During the past 90 days, the firm has successfully closed $300 million in transactions, each with its own property specific challenges.

The firm’s founder, Mr. Levy, is an expert on commercial real estate financing and trends, and, in particular, on the effects of interest rates on the commercial real estate markets. He was the originator and author of the Barron’s/John B. Levy & Company National Mortgage Survey, a monthly survey of more than 30 of the country’s largest institutional investors, and of buyers and sellers of commercial mortgage-backed securities. The survey, which appeared monthly in Barron’s, ran for more than 23 years. He is also co-creator of The Giliberto-Levy Commercial Mortgage Performance Index (sm), the first and pre-eminent index to measure the performance of investments in the commercial mortgage industry. The Index is published each quarter in the Giliberto-Levy Monitor, a publication that provides detailed analysis and commentary on commercial mortgage investments.

For more information, visit the firm’s website at www.jblevyco.com.
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