Jorge Abreu Megan Banks Carson Banks Secures $50.53 Million Refinance Loan For Multifamily Asset In Richmond

The property involved in the transaction is a multifamily asset located at 20220 Bellaire Boulevard in the Richmond market, comprising 297 units. The transaction pertains to a refinance loan amounting to $50,530,000 with a term of 5 years.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $50,530,000
• Lender: Chris Nickerson - AXCS Capital & Deutsche Bank
• Landlord: Jorge Abreu, Megan Banks & Carson Banks
• Brokers: Jonathan Chassin, Shuvo Hussain & Chandana Reddy - George Smith Partners

This transaction involved key stakeholders including Chris Nickerson, who represented the lenders, and the landlords Jorge Abreu, Megan Banks, and Carson Banks. The brokers facilitating the deal were Jonathan Chassin, Shuvo Hussain, and Chandana Reddy, representing George Smith Partners in this refinancing transaction.