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1989 Delaware Drive

Bridge Investment Group Secures $65M Freddie Mac Loan For Misty Ridge Acquisition In Woodbridge VA
FINANCEDMultiFamily

Bridge Investment Group Secures $65M Freddie Mac Loan For Misty Ridge Acquisition In Woodbridge VA

1989 Delaware Drive

$65,000,000

Building Size

Asset Type

MultiFamily

Closing

Dec 10, 2025

AI

The transaction involved a multifamily asset located at 1989 Delaware Drive in Woodbridge, Virginia. The property's acquisition was financed through a loan amounting to $65,000,000 arranged by Berkadia, facilitated by Freddie Mac. The property consists of 409 residential units, contributing to the multifamily segment of the real estate market in the region.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $65,000,000
  • Lender: Freddie Mac
  • Landlord: Bridge Investment Group
  • Brokerage Firm: Berkadia
  • Transaction Date: December 10, 2025
  • Loan Type: Acquisition

The deal was represented by the brokers Mitch Sinberg, Chris Ellis, Matthew Robbins, Scott Wadler, and Brad Williamson from Berkadia. Their role was to facilitate the acquisition financing for Bridge Investment Group in acquiring the property known as Misty Ridge.

Players

Brad Williamson

Berkadia

Broker

$7B

vol

111 deals

Broker
Freddie Mac
Freddie MacLender

Woodbridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93