Greystone's Pharrah Jackson Facilitates $39M Loan For Affordable Housing Construction In Tysons

The multifamily property located at 1592 Spring Hill Road in Vienna, VA, consists of 516 units and was the subject of a recent transaction. The loan for the property was secured through a $39 million Construction Loan from Greystone. The borrower, Carmen Romero of Arlington Partnership for Affordable Housing (APAH), facilitated this loan with Pharrah Jackson representing Greystone in the deal.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $39,000,000
• Asset Type: Multifamily
• Units: 516
• Market: Vienna, VA
• Lender: Greystone
• Landlord: Carmen Romero - Arlington Partnership for Affordable Housing (APAH)
• Loan Type: Construction

The loan, amounting to $39 million, was specifically a Freddie Mac Tax-Exempt Loan (TEL) Unfunded Forward financing. This financing was arranged for the construction of a 265-unit affordable housing property within Tysons, Virginia, forming part of The Exchange at Spring Hill Station development.