Berkadia Arranges $157M Acquisition Loan For 1,180-Unit Multifamily In Alexandria

The Mason at Van Dorn, a 1,180-unit multifamily community in Alexandria, Virginia, was acquired through a $157 million acquisition loan provided by Fannie Mae. The property is located at 140 S Van Dorn St and is strategically positioned near the WestEnd Alexandria redevelopment project and the forthcoming Inova Alexandria Hospital Campus.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $157,000,000
• Address: 140 S Van Dorn St
• Market: Alexandria, VA
• Units: 1,180
• Lender: Fannie Mae
• Landlord: Doug Faron - Shoreham Capital & Bridge Investment Group
• Broker: Berkadia
• Loan Type: Acquisition

Berkadia played a crucial role in facilitating the $157 million acquisition loan for the purchase of The Mason at Van Dorn by Shoreham Capital and Bridge Investment Group. Doug Faron, representing Shoreham Capital and Bridge Investment Group, worked with the lender, Fannie Mae, and broker, Berkadia, in finalizing the deal for this expansive multifamily property in Alexandria, VA.