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1000 Annapolis Way
FINANCED

IDI Group Companies & PTM Partners Secure $60M Loan For Viridium Luxury Apartments

1000 Annapolis Way

MultiFamily
clock iconFinanced 38 days ago
Adam Bieber
Daniel Shiff
Alec Jenkins
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Summary

Loan
VIRGINIA
MultiFamily

The property involved in the transaction is Viridium, a luxury apartment building located at 1000 Annapolis Way in Woodbridge, Virginia. The asset consists of 318 units, and a $60 million loan was secured for this multifamily property.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $60,000,000
  • Market: Woodbridge, VA
  • Units: 318
  • Landlord: Enrico Cecchi - IDI Group Companies & Scott Meyer - PTM Partners
  • Brokers: Adam Bieber, Alec Jenkins & Daniel Shiff - Bellwether Enterprise (BWE)

The joint venture between IDI Group Companies and PTM Partners orchestrated the loan for Viridium, bringing to light the continual real estate development trend in Northern Virginia along the Potomac River.

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Adam Bieber's profile picture
Adam Bieber
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Managing Director

Details

Deal Summary
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FINANCED
IMAGE: 06/13/2024 ADDRESS: 1000 Annapolis Way MARKET: Woodbridge, VA ASSET TYPE: Multifamily ~ UNITS: 318 LANDLORD: Enrico Cecchi - IDI Group Companies & Scott Meyer - PTM Partners BROKERS: Adam Bieber, Alec Jenkins & Daniel Shiff - Bellwether Enterprise (BWE) LOAN AMOUNT: $60,000,000 NOTE: A joint venture between IDI Group Companies and PTM Partners secured a $60 million loan for Viridium, a luxury apartment building in Woodbridge, Virginia, underscoring the ongoing real estate development trend along the Potomac River in Northern Virginia.

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Address1000 Annapolis Way

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