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

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.