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Briar Capital Secures $102 Million Freddie Mac Loan For 448 Unit Multifamily In Virginia Beach

Property Image
FINANCED
$102,000,000
Garrison Gore
Henry Stimler
William (Bill) Weber
+ 1

Virginia

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MultiFamily
Financed 09/30/2025
the dealplayerscompscontact
Property Image
FINANCED

Briar Capital Secures $102 Million Freddie Mac Loan For 448 Unit Multifamily In Virginia Beach

1701 Chase Pointe Circle

See Similar Deals
MultiFamily
Financed 09/30/2025
Garrison Gore
Henry Stimler
William (Bill) Weber
+ 1
the dealplayerscompscontact
Contact now

Summary

VIRGINIA
Asset Type:MultiFamily
Transaction Type:Loan

The asset involved in this transaction is a multifamily property located at 1701 Chase Pointe Circle, Virginia Beach, VA, comprising a total of 448 units. The loan amount for this acquisition was $102,000,000, facilitated through a Freddie Mac loan.

Summary of transaction details:

The deal was represented by a team of brokers from Newmark, including Ricky Warner, Henry Stimler, William Weber, and Garrison Gore, highlighting a collaborative effort in managing the acquisition successfully.

Players

William (Bill) Weber
Newmark
William Weber
49 deals$9.6B volume
BROKER
Henry Stimler
Newmark
Henry Stimler
53 deals$4.7B volume
BROKER
Garrison Gore
Newmark
Garrison Gore
5 deals$251.7M volume
BROKER
Ricky Warner
Newmark
Ricky Warner
40 deals$2.5B volume(818) 687-0714
BROKER
Freddie Mac
Freddie Mac
LENDER

Details

FINANCED
IMAGE: Anthony Orso, Ricky Warner, Henry Stimler, William Weber & Garrison Gore DATE: 9/30/2025 ADDRESS: 1701 Chase Pointe Circle MARKET: Virginia Beach, VA ASSET TYPE: Multifamily ~ UNITS: 448 LENDER: Freddie Mac (@FreddieMacCorp) LANDLORD: Briar Capital BROKERS: Ricky Warner (@RickyWarner1), Henry Stimler (@HenryStimler), William Weber & Garrison Gore - Newmark (@Newmark) LOAN AMOUNT: $102,000,000 LOAN TYPE: Acquisition LOAN TERMS: Freddie Mac Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$102,000,000.00

Monthly NOI$680,000.00
Monthly Debt Service$644,709.38
Change in Cash Flow$0.00
Refinance Proceeds$0.00