FINANCED
Community Three & Whitaker Investment Obtain $96M Construction Loan From Kennedy Wilson
1055 North Fairfax Street
Development Site
Financed 57 days ago
Summary
Loan
VIRGINIA
Development Site
The Development Site located at 1055 North Fairfax Street in Alexandria, VA, was the subject of a $96 million construction loan provided by Thomas Whitesell of Kennedy Wilson for the TidLock development. The loan was secured by a joint venture between Community Three and Whitaker Investment Corporation for an office-to-multifamily conversion project in northern Virginia.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $96,000,000
- Lender: Thomas Whitesell - Kennedy Wilson
- Landlord: Community Three & Whitaker Investment Corporation
- Brokers: Bindi Shah, Marshall Scallan, Michael Zelin & Nick Rangel - Cushman & Wakefield
The individuals and companies involved in the deal included Thomas Whitesell from Kennedy Wilson as the lender, Community Three and Whitaker Investment Corporation as the landlords, and the brokerage team from Cushman & Wakefield consisting of Bindi Shah, Marshall Scallan, Michael Zelin & Nick Rangel.
Players
Details
FINANCED
IMAGE: Thomas Whitesell, Bindi Shah, Marshall Scallan, Michael Zelin & Nick Rangel
DATE: 03/04/2024
ADDRESS: 1055 North Fairfax Street
MARKET: Alexandria, VA
ASSET TYPE: Development Site
LENDER: Thomas Whitesell - Kennedy Wilson
LANDLORD: Community Three & Whitaker Investment Corporation
BROKERS: Bindi Shah, Marshall Scallan, Michael Zelin & Nick Rangel - Cushman & Wakefield
LOAN AMOUNT: $96,000,000
LOAN TYPE: Construction
NOTE: A joint venture between Community Three and Whitaker Investment Corporation secured $96 million in construction financing for an office-to-multifamily conversion project in northern Virginia, with Kennedy Wilson providing the loan for the TidLock development in Alexandria.View on map
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Address1055 North Fairfax Street
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