The property is 93 percent leased and is encumbered by a $40.4 million Fannie Mae loan that Berkadia had provided in 2016. It pays a coupon of 3.83 percent and doesn't mature until August 2026. It would be subject to ...
Investment manager 29th Street Capital has paid $64 million, or $275,862/unit, for the 232-unit Solaire Wheaton in the Washington, D.C., suburb of Silver Spring, Md. The Chicago company bought the property from Washington Property Co. of Bethesda, Md., which had developed ...
Multi-Housing News Washington Property Co. has completed construction of Solaire 8200 Dixon, a 403-unit apartment property in the Ripley area of downtown Silver Spring, Md., and has brought it up to 30 percent occupancy. The Bethesda, Md., developer built the ...
Berkadia has provided $44.9 million of financing under the U.S. Department of Housing and Urban Development's 223(f) program for Affinity on Georgia, a 210-unit apartment property in Silver Spring, Md. The loan allows the property's owner, Foulger-Pratt of Potomac, Md., ...
The property has been renamed Arrive Silver Spring. FPA funded its purchase with a total of $179.3 million of mortgage financing from Northwestern Mutual Life Insurance Co. A $118.4 million loan was placed against the Silver Spring property and a ...
Commercial Observer MetLife Investment Management has provided $80.5 million of financing against the 338-unit Solaire 8250 apartment property in Silver Spring, Md., about six miles from Washington, D.C. Washington Property Co. will use the 10-year, fixed-rate loan to retire construction ...
Commercial Real Estate Direct Staff Report KeyBank has originated a $44 million Freddie Mac loan to help fund Priderock Capital Partners' acquisition of the 256-unit Montclair Apartment Homes in Silver Spring, Md. As reported, the West Palm Beach, Fla., multifamily ...
Priderock Capital Partners has paid $58.7 million, or $229,297/unit, for the 256-unit Montclair Apartment Homes in Silver Spring, Md., about 15 miles northeast of Washington, D.C. The West Palm Beach, Fla., multifamily specialist bought the property from a venture of ...
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