Paradigm Development Co LLC Secures $84.1 Million Refinance Loan For Meridian At Eisenhower In Alexandria VA

The asset involved in the transaction is Meridian at Eisenhower, a 369-unit multifamily high-rise located at 2351 Eisenhower Avenue in Alexandria, VA. The property, built in 2007, has a current leasing status of 93%. The refinancing deal is valued at $84,100,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $84,100,000
• Loan Type: Refinance
• Landlord: Paradigm Development Co. LLC
• Address: 2351 Eisenhower Avenue
• Market: Alexandria, VA
• Units: 369

The refinancing loan was arranged by five brokers from Berkadia, namely Patrick McGlohn, Patrick Cunningham, Brian Gould, Hunter Wood, and Natalie Hershey. This loan replaces existing debt on behalf of Paradigm Development Co. LLC.