- Posted at 12:43, December 28, 2013
- By Russ Bleemer
New York insurance giant AXA Equitable kept busy this holiday week in the nation’s capital, issuing a $70 million, 20-year, fixed-rate loan for the Holiday Inn Washington-Capitol, at 550 C St., S.W.
The loan, GlobeSt.com reports, was secured by Wells Fargo & Co. subsidiary Eastdil Secured LLC, in conjunction with Quadrant Real Estate Advisors, a developer based in Alpharetta, Ga., and longtime Washington, D.C., developer, the Donohoe Cos.
Donohoe developed the hotel in 1980, and it is currently being renovated.
AXA Equitable Life Insurance Co., formerly known as the Equitable Life Assurance Society of the United States, is a big New York financial company focusing on life insurance and annuities. Its had assets under management totaled $519.3 billion as of June 30, 2013.
AXA Equitable diversifies into real estate as part of the AXA Group, a Paris-based global insurance and asset management company in 57 countries with Euro 1,116 billion in assets under management as of the end of last year.