Dean Ofer Of Harborview Capital Partners Structures $34.6M Loan For Arlington Multifamily Conversion
1200 North Courthouse Road
$34,600,000
$281/SF
Building Size
122,945 SF
Asset Type
MultiFamily
Closing
Jun 18, 2026
AI
The asset involved in this transaction is a 187-unit Hotel-Multifamily conversion located at 1200 North Courthouse Road, Arlington, VA. The property has a total square footage of 122,945. The loan amount for this acquisition is $34,600,000, with a loan type classified as acquisition for a duration of 3 years.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $34,600,000
- Address: 1200 North Courthouse Road
- Market: Arlington, VA
- Asset Size: 122,945 SF
- Units: 187
- Loan Type: Acquisition
- Loan Terms: 3-years
- Originator: Dean Ofer - Harborview Capital Partners
Dean Ofer from Harborview Capital Partners originated the acquisition and construction loan. The structure of the deal is non-recourse, allowing the sponsor sufficient time to carry out their capex program over the 3-year loan term.
Players
Arlington 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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93