CB&S Bank Provides $150M Bridge Loan For Mixed-Use Property In Arlington, VA
2011 Crystal Drive, 2011 Crystal Dr, Arlington County, Virginia 22202, United States
$150,000,000
Units
492
Asset Type
Mixed-use
Closing
Dec 20, 2021
About this deal
AI
Ron Lamontagne secured a $150,000,000 bridge loan for a mixed-use property located at 2011 Crystal Dr. in Arlington, VA. The property consists of 492 units and is owned by Partners Group and managed by ZOM Living. CB&S Bank provided the loan.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $150,000,000
- Address: 2011 Crystal Dr., Arlington, VA
- Market: Arlington, VA
- Unit Count: 492
Ron Lamontagne, a representative from Partners Group, and ZOM Living are the key individuals and companies involved in the deal, serving as the property's landlord.
Players
Arlington Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93