Berkadia Commercial Mortgage Refinances Development Site In Ashburn, VA For $77.5M
43751 Central Station Drive, Ashburn, Virginia 20147, United States
$77,500,000
Building Size
—
Asset Type
Development Site
Closing
Jul 12, 2022
AI
A development site located at 43751 Central Station Dr in Ashburn, VA has recently undergone a loan refinance transaction. The loan amount for this deal was $77,500,000, provided by Berkadia Commercial Mortgage. The lending team from Berkadia Commercial Mortgage, consisting of Patrick McGlohn, Miles Drinkwalter, and Joyce Connolly, facilitated the refinance loan.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $77,500,000
- Address: 43751 Central Station Dr, Ashburn, VA
- Market: Ashburn, VA
- Lender: Berkadia Commercial Mortgage - Patrick McGlohn, Miles Drinkwalter & Joyce Connolly
- Landlord: Comstock - Christopher Guthrie
- Loan Type: Refinance
Christopher Guthrie, representing Comstock, acted as the landlord in this transaction. The loan refinance was made possible through the efforts of Patrick McGlohn, Miles Drinkwalter, and Joyce Connolly from Berkadia Commercial Mortgage. They played a crucial role in securing the funding for this development site in Ashburn, VA.
Ashburn Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93