Updated Oct 29, 2024
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
$50,400,000
Units
259
Asset Type
MultiFamily
Closing
Jan 12, 2022
About this deal
AI
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.
On the Map
$50,400,000
MultiFamily
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Players
Reston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93