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

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:

• Property Type: MultiFamily
• Transaction Amount: $46,600,000
• Loan Type: Refinance
• Landlord: TCS Realty Associates
• Brokers: Wes Boatwright, Jon Goldstein, Michael Yavinsky & Connor Burke - Avison Young
• Address: 925 North Garfield Street
• Market: Arlington, VA
• Units: 152

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.