The 14-story Moxy hotel in Washington, DC opened in November 2018. The 14-story Moxy hotel in Washington, DC opened in November 2018.

WASHINGTON, DC—BHI, the US division of Bank Hapoalim of Israel, has provided a $47-million bridge loan to refinance Douglas Development Corp.’s recently opened Moxy hotel here.

Douglas Development Corporation’s original loan for the 200-key, 14-story hotel at 1011 K Street NW in Downtown Washington, DC was comprised of $35-million loan held by BHI and a $10.6-million mezzanine piece held by another investment firm.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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