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

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Continuing its expansion into the commercial title business, Huntington, N.Y.-based Advantage Title Agency Inc. has co-insured title for a $242 million construction loan on a downtown Washington, D.C. office project.

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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.

About Advantage Group of Companies
Based in Huntington, NY, the Advantage Group of companies comprises five affiliated businesses, including Advantage Title, which was established in 1987 and has insured thousands of real estate transactions and noninsured searches and foreclosure certifications for attorneys, developers, and lenders in the tri-state area. Other companies in the group are Advantage Foreclosure, Advantage Legal, Advantage Settlement and the Mortgage Advantage and together the five businesses employ more than 150 people, including five in-house attorneys with regional, national and international expertise. For more information about Advantage call (631) 424-6100 or go to http://www.advantagetitle.com

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