Abundance Equity Partners Acquires Multifamily Property In Arlington For $27.68M

The transaction involves a multifamily property located at 2020 Cedar Point Dr in Arlington. The property was sold by Exponential Property Group to Abundance Equity Partners. The deal was facilitated by brokers John Brickson from Old Capital and Al Silva & Ford Braly from Marcus & Millichap.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $27,680,000
• Loan Amount: $27,680,000
• Loan Type: Bridge
• Loan Terms: 80% LTC / 3.25% Interest Rate

The loan obtained for the transaction was a bridge loan with a loan amount of $27,680,000. The loan terms included 80% Loan-to-Cost (LTC) and an interest rate of 3.25%.