Fundrise Secures $30 Million Refinance From MVB Bank For Carlyle Corner In Alexandria VA
2034 Eisenhower Avenue
$30,000,000
$111/SF
Building Size
268,472 SF
Asset Type
Commercial
Closing
Jun 3, 2025
AI
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
Alexandria Commercial Market Snapshot
Boundary boundary · Commercial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93