Rappaport Secures $82 Million Refinance Loan From Bank Of America For Retail Asset In Fredericksburg
1340 Carl D Silver Parkway
$82,000,000
$32/SF
Building Size
2,500,000 SF
Asset Type
Retail
Closing
Sep 11, 2026
About this deal
AI
The asset involved in this transaction is a retail property located at 1340 Carl D Silver Parkway in Fredericksburg, VA. The property encompasses 2,500,000 square feet and is operated under the management of Rappaport. This transaction includes a refinance loan amounting to $82,000,000 secured by Bank of America.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $82,000,000
- Loan Type: Refinance
- Lender: Bank of America
- Landlord: Rappaport
- Brokers: Russell Schildkraut & Paul Roantree - Ackman-Ziff
Rappaport has secured this refinance loan to support 407,401 square feet across 28 retail buildings at Central Park in Fredericksburg, Virginia. The proceeds from this loan are also allocated for tenant improvements, leasing costs, and capital projects.
Players
Fredericksburg Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93