Abundance Equity Partners Acquires Multifamily Property In Arlington For $27.68M
2020 Cedar Point Drive
MultiFamily
196,301 SF
196,301 SF
Financed 1 year ago
Summary
The transaction involves a multifamily property located at 2020 Cedar Point Dr in Arlington. The property was sold by Exponential Property Group to Abundance Equity Partners. The deal was facilitated by brokers John Brickson from Old Capital and Al Silva & Ford Braly from Marcus & Millichap.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $27,680,000
- Loan Amount: $27,680,000
- Loan Type: Bridge
- Loan Terms: 80% LTC / 3.25% Interest Rate
The loan obtained for the transaction was a bridge loan with a loan amount of $27,680,000. The loan terms included 80% Loan-to-Cost (LTC) and an interest rate of 3.25%.
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4
Agents
3
Agencies
1
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2020 Cedar Point Drive
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