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
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