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Industry News

Advantage Title Co-Insures Title for Loan on $242 million Downtown Washington, D.C., Office Project

June 9, 2008

Huntington, N.Y. -- Advantage Title Agency Inc., a leading title insurance agency and one of the Advantage Group of Companies, participated in the underwriting of title insurance for a $241.1 million acquisition and construction loan made by an international corporate and investment bank. The project involves the development of a multistory office-building project in downtown Washington, D.C.

"Advantage is proud to have played a role in this transaction, which represents part of our continuing expansion into the growing national commercial title market," said Joseph Willen, president of the Advantage Group. "Our talented staff once again has shown extraordinary competence in handling a complex transaction."

The names of the bank and the project were not disclosed.

Advantage Title has an in-house legal staff that provides advice on underwriting transactions anywhere in the country and in international markets.

Source: Advantage Group of Companies



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