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TCS Realty Associates Secures $46.6M Refinance Loan For Garfield Park Multifamily In Arlington VA

Property Image
FINANCED
$46,600,000
Connor Burke
Wes Boatwright
+ 1

Virginia

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MultiFamily
Financed 06/16/2025
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Property Image
FINANCED

TCS Realty Associates Secures $46.6M Refinance Loan For Garfield Park Multifamily In Arlington VA

925 North Garfield Street

See Similar Deals
MultiFamily
Financed 06/16/2025
Connor Burke
Wes Boatwright
+ 1
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Summary

VIRGINIA
Asset Type:MultiFamily
Transaction Type:Loan

The property located at 925 North Garfield Street in Arlington, VA, is a multifamily asset consisting of 152 units. The transaction involved a refinance totaling $46,600,000, with a loan secured through Fannie Mae, aimed at boosting TCS Realty Associates' long-term capital.

Summary of transaction details:

Avison Young played a crucial role in this transaction by securing the $46.6M loan, providing financial support for the refinancing of Garfield Park. The mixed-use amenities of the property are positioned to support regional growth, reflecting the strategic importance of the location.

Players

Jon Goldstein
5 deals$264.9M volume
BROKER

Wes Boatwright
Avison Young
5 deals$254.9M volume
BROKER

Michael Yavinsky
Avison Young
2 deals$61.9M volume(301) 717-9666
BROKER

Connor Burke
Avison Young
2 deals$57.7M volume(434) 414-4573
BROKER

Avison Young
BROKERAGE

Details

FINANCED
IMAGE: 06/16/2025 ADDRESS: 925 North Garfield Street MARKET: Arlington, VA ASSET TYPE: MultiFamily ~ UNITS: 152 LANDLORD: TCS Realty Associates BROKERS: Wes Boatwright, Jon Goldstein, Michael Yavinsky & Connor Burke - Avison Young LOAN AMOUNT: $46,600,000 LOAN TYPE: Refinance NOTE: Avison Young secured a $46.6M Fannie Mae loan to refinance TCS Realty’s Garfield Park in Arlington, VA, boosting its long-term capital. The property’s prime location and mixed-use amenities support regional growth.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$46,600,000.00

Monthly NOI$310,666.67
Monthly Debt Service$294,543.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00