Insight Property Group & AHC Inc Acquires Multifamily Property On Becontree Lake Dr In Reston, VA With $50.4M Loan From EagleBank
FINANCED
$50,400,000
Virginia
See Similar DealsMultiFamily
Financed 01/12/2022
FINANCED
Insight Property Group & AHC Inc Acquires Multifamily Property On Becontree Lake Dr In Reston, VA With $50.4M Loan From EagleBank
11027 Becontree Lake Drive, Reston, Virginia 20190, United States
See Similar DealsMultiFamily
Financed 01/12/2022
Summary
VIRGINIA
Asset Type:MultiFamily
Transaction Type:Loan
The property involved in this transaction is a multifamily asset located at 11027 Becontree Lake Dr in Reston, VA. The property consists of 259 units and spans across 21 acres. The loan for this transaction was provided by EagleBank in the amount of $50,400,000. The landlords of the property are Insight Property Group and AHC Inc.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $50,400,000
- Address: 11027 Becontree Lake Dr, Reston, VA
- Market: Reston, VA
- Units: 259
- Acres: 21
- Lender: EagleBank
- Landlords: Insight Property Group & AHC Inc
EagleBank provided the loan for this transaction, facilitating the acquisition of the multifamily property at 11027 Becontree Lake Dr in Reston, VA. Insight Property Group and AHC Inc are the landlords involved in this deal. The property encompasses 259 units and spans across 21 acres.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$50,400,000.00
Monthly NOI$336,000.00
Monthly Debt Service$318,562.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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