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1305 Jefferson Plz

Standard Communities Secures $67.5M Financing For Jefferson Plaza Apartments In Woodbridge

1305 Jefferson Plz

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Jefferson Plaza Apartments, a 240-unit affordable housing development located at 1305 Jefferson Plaza in Woodbridge, VA, has secured $67.5 million in financing. The loan was provided by Virginia Housing, with Janet Wiglesworth representing the lender. Scott Alter of Standard Communities is the landlord overseeing this multifamily property.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $67,500,000
  • Landlord: Scott Alter - Standard Communities
  • Lender: Virginia Housing - Janet Wiglesworth
  • Market: Woodbridge, VA
  • Units: 240

Standard Communities, in partnership with Freddie Mac's low-income housing tax credit, arranged the financing for the Jefferson Plaza Apartments. This funding will support the development and operations of this affordable housing complex in Woodbridge, VA, ensuring quality housing for the community.

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Deal Summary
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IMAGE: Janet Wiglesworth & Scott Alter DATE: 03/13/2024 ADDRESS: 1305 Jefferson Plz MARKET: Woodbridge, VA ASSET TYPE: Multifamily ~ UNITS: 240 LENDER: Virginia Housing - Janet Wiglesworth LANDLORD: Scott Alter - Standard Communities LOAN AMOUNT: $67,500,000 NOTE: Standard Communities has secured $67.5 million in financing for Jefferson Plaza Apartments, a 240-unit affordable housing development in Woodbridge, Va., with funding from Virginia Housing and Freddie Mac's low-income housing tax credit.

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Address1305 Jefferson Plz


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