$29.8M Construction Loan Secured For Multifamily Property In Richmond, VA

The recent closed transaction in Richmond, VA involved a multifamily property located at 103 East 2nd Street. This property spans a total square footage of 122,464 and was the subject of a construction loan.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $29,800,000
• Address: 103 East 2nd Street, Richmond, VA
• Market: Richmond, VA
• Brokers: Mike Lowry, Keith Wells, Reina Mazicioglu, and Hunter Wood from Northmarq
• Loan Type: Construction loan

The deal was facilitated by the team of brokers representing the buyer, seller, landlord, or tenant. The brokers involved in this transaction were Mike Lowry, Keith Wells, Reina Mazicioglu, and Hunter Wood from Northmarq.