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Artemis Real Estate Partners Provides $74.7M Construction Loan For Reston, VA Hotel

11900 Market Street
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This Hotel property located in VA received a loan of $74,700,000 about 1 year ago.

A $74,700,000 construction loan has been secured for a hotel located at 11900 Market Street in Reston, VA. The property, which is owned by Artemis Real Estate Partners, is set to undergo development with the financial support provided by the loan. This transaction took place on January 19, 2023.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $74,700,000
  • Lender: Artemis Real Estate Partners
  • Broker: JLL
  • Loan Type: Construction

JLL played a crucial role as the broker in this transaction, representing both the borrower and the lender. Their expertise and negotiation skills facilitated the successful acquisition of the construction loan. The hotel's future development is expected to enhance the local market in Reston, VA, as it brings new amenities and accommodations to the area.

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Deals
  • Location
    11900 Market Street, Reston, Virginia 20190, United States11900 Market Street, Reston, Virginia 20190, United States
  • Loan Value
    $74,700,000$74,700,000
  • Asset Type
    HotelHotel

Deal Summary

LOAN DATE: 01/19/2023 ADDRESS: 11900 Market Street MARKET: Reston, VA ASSET TYPE: Hotel LENDER: Artemis Real Estate Partners BROKER: JLL LOAN AMOUNT: $74,700,000 LOAN TYPE: Construction

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