Washington Property Company Secures $34.3M Acquisition Loan For Multifamily Property On S Reynolds St In Alexandria, VA

The multifamily property located at 100 S Reynolds St in Alexandria, VA has undergone a recent transaction. The property consists of 227 units and belongs to the landlord, Washington Property Company. The deal was facilitated by brokers Jimmy Conley and Drake Greer from JLL Capital Markets.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $34,340,000
• Loan Type: Acquisition
• Loan Term: Three-year, floating-rate, non-recourse, bridge loan with one-year extensions

The loan amount for this transaction was $34,340,000. The loan type was an acquisition loan, and it had a three-year term with the option for one-year extensions. It was a floating-rate loan and offered non-recourse financing.

Jimmy Conley and Drake Greer from JLL Capital Markets served as the brokers representing the buyer and seller in this transaction.