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Fundrise Secures $30 Million Refinance From MVB Bank For Carlyle Corner In Alexandria VA

Property Image
FINANCED
$30,000,000
Patrick Cunningham
Brian Gould

Virginia

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Commercial268,472 SF
Financed 06/03/2025
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Property Image
FINANCED

Fundrise Secures $30 Million Refinance From MVB Bank For Carlyle Corner In Alexandria VA

2034 Eisenhower Avenue

See Similar Deals
Commercial268,472 SF
Financed 06/03/2025
Patrick Cunningham
Brian Gould
the dealplayerscompscontact
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Summary

VIRGINIA
Asset Type:Commercial
Price Per Square Foot:$111
Total Square Footage:268,472 SF
Transaction Type:Loan

2034 Eisenhower Avenue is a commercial property located in Alexandria, VA, featuring an asset type classified as commercial with a total square footage of 268,472 and encompassing 14 acres of land.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $30,000,000
  • Loan Type: Refinance
  • Lender: MVB Bank
  • Landlord: Ben Miller - Fundrise
  • Brokers: Brian Gould & Patrick Cunningham - Berkadia

In this transaction, Fundrise secured the refinancing loan to support its redevelopment plans for the commercial complex, bringing its planned 3-million-square-foot redevelopment closer to realization.

Players

Patrick Cunningham
Berkadia
Patrick Cunningham
12 deals$610.5M volume
BROKER
Brian Gould
Berkadia
Brian Gould
13 deals$644.6M volume(917) 297-7551
BROKER
MVB Bank
MVB Bank
LENDER
Fundrise
Fundrise
LANDLORD

Details

FINANCED
IMAGE: 06/03/2025 ADDRESS: 2034 Eisenhower Avenue MARKET: Alexandria, VA ASSET TYPE: Commercial ~ SF: 268,472 ~ ACRES: 14 LENDER: MVB Bank LANDLORD: Ben Miller - Fundrise BROKERS: Brian Gould & Patrick Cunningham - Berkadia LOAN AMOUNT: $30,000,000 LOAN TYPE: Refinance NOTE: Fundrise secured a $30 million refinancing loan from MVB Bank for Carlyle Corner, a 268,472-square-foot commercial complex in Alexandria, VA, moving its planned 3-million-square-foot redevelopment closer to fruition.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$30,000,000.00

Monthly NOI$200,000.00
Monthly Debt Service$189,620.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00