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

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:

• Property Type: Multifamily
• Transaction Amount: $102,000,000
• Lender: Freddie Mac
• Landlord: Briar Capital
• Brokers: Ricky Warner, Henry Stimler, William Weber & Garrison Gore - Newmark

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.