Transactions

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Altitude at Stone Port (JMU)

Harrisonburg, VA

$29,000,000 IN LIMITED RECOURSE MINI-PERM FINANCING (REGIONAL BANK EXECUTION)
140 UNIT/425 BED STUDENT HOUSING COMMUNITY
5 YEARS

Fusion at Neon

Norfolk, VA

$48,000,000 IN NON-RECOURSE CONSTRUCTION/PERMANENT FINANCING (VIRGINIA HOUSING/VHDA EXECUTION)
237 UNIT APARTMENT COMMUNITY
35 YEAR TERM; 35 YEAR AMORTIZATION

Preserve at Scott’s Addition Apartments

Richmond, VA

$25,000,000 IN NON-RECOURSE PERMANENT FINANCING (FANNIE MAE EXECUTION)
194 UNIT APARTMENT COMMUNITY (HISTORIC TAX CREDIT & NEW CONSTRUCTION)
10 YEAR TERM; 2 YEARS INTEREST-ONLY; 30 YEAR AMORTIZATION

Myers Street Apartments

Richmond, VA (Scott’s Addition)

$33,000,000 IN NON-RECOURSE CONSTRUCTION/PERMANENT FINANCING (VHDA EXECUTION)
190 UNIT APARTMENT COMMUNITY + 30,000 SF COMMERCIAL
34 YEAR TERM; 34 YEAR AMORTIZATION

Three Chopt West Apartments

Richmond, VA

$20,670,000 IN NON-RECOURSE PERMANENT FINANCING (FREDDIE MAC EXECUTION)
290 UNIT APARTMENT COMMUNITY
10 YEAR TERM; FULL TERM IO

Marshall Broad Apartments

Richmond, VA

$3,435,000 IN NON-RECOURSE PERMANENT FINANCING (FREDDIE MAC EXECUTION)
29 UNIT APARTMENT COMMUNITY (HISTORIC TAX CREDIT)
10 YEAR TERM; 30 YEAR AMORTIZATION

Hampton Inn & Suites

DuPont, WA

$12,000,000 IN NON-RECOURSE PERMANENT FINANCING (CMBS EXECUTION)
115 KEY HOTEL
10 YEAR TERM; 30 YEAR AMORTIZATION

Venture IN Tech Center Apartments

Newport News, VA

$32,000,000 IN LIMITED RECOURSE CONSTRUCTION FINANCING (REGIONAL BANK EXECUTION)
288 UNIT APARTMENT COMMUNITY
42 MONTHS INTEREST-ONLY TERM + 2, 12-MONTH EXTENSIONS

Paper Company Apartments

Richmond, VA

$8,500,000 IN NON-RECOURSE PERMANENT FINANCING (CMBS EXECUTION)
88 UNIT APARTMENT COMMUNITY (HISTORIC TAX CREDIT)
10 YEAR TERM; 2 YEARS INTEREST-ONLY; 30 YEAR AMORTIZATION

Marshall Lofts

Richmond, VA

$24,300,000 IN NON-RECOURSE CONSTRUCTION/PERMANENT FINANCING (VHDA EXECUTION)
170 UNIT APARTMENT COMMUNITY + 5,000 SF COMMERCIAL
33 YEAR TERM; 33 YEAR AMORTIZATION

Midtown Marketplace

Portsmouth, VA

$7,500,000 IN LIMITED RECOURSE CONSTRUCTION FINANCING (2014; LOCAL BANK EXECUTION)
$6,400,000 IN NON-RECOURSE PERMANENT FINANCING (2015; CMBS EXECUTION)
45,760 SF NEIGHBORHOOD SHOPPING CENTER (KROGER MARKETPLACE SHADOW)
18 MONTH TERM + 5 YEAR MINI-PERMANENT (CONSTRUCTION)
10 YEAR TERM; 30 YEAR AMORTIZATION (PERMANENT)

Hampton Inn & Suites

Roanoke, VA

$15,000,000 IN NON-RECOURSE PERMANENT FINANCING (CMBS EXECUTION)
130 KEY HOTEL
10 YEAR TERM; 30 YEAR AMORTIZATION

PortRVA Apartments

Richmond, VA

$10,100,000 IN NON-RECOURSE PERMANENT FINANCING (FANNIE MAE EXECUTION)
104 UNIT APARTMENT COMMUNITY
10 YEAR TERM; 1 YEAR INTEREST-ONLY; 30 YEAR AMORTIZATION

865 East – James Madison University

Harrisonburg, VA

$16,8500,000 IN NON-RECOURSE PERMANENT FINANCING (CMBS EXECUTION)
274 BED STUDENT HOUSING COMMUNITY
10 YEAR TERM; 5 YEARS INTEREST-ONLY; 30 YEAR AMORTIZATION

Diamond North Apartments

Virginia Beach, VA

$23,200,000 IN NON-RECOURSE PERMANENT FINANCING (FANNIE MAE EXECUTION)
180 UNIT APARTMENT COMMUNITY (NEW CONSTRUCTION)
10 YEAR TERM; 3 YEARS INTEREST-ONLY; 30 YEAR AMORTIZATION

Element at Ghent Apartments

Norfolk, VA

$24,000,000 IN NON-RECOURSE PERMANENT FINANCING (FANNIE MAE EXECUTION)
164 UNIT APARTMENT COMMUNITY
10 YEAR TERM; 2 YEARS INTEREST-ONLY; 30 YEAR AMORTIZATION

Hampton Inn & Suites

Charlotte Airport, NC

$15,500,000 IN NON-RECOURSE PERMANENT FINANCING (CMBS EXECUTION)
131 KEY HOTEL
10 YEAR TERM; 30 YEAR AMORTIZATION

Old Bridge Apartments

Richmond, VA

$10,000,000 IN NON-RECOURSE PERMANENT FINANCING (LIFE INSURANCE EXECUTION)
222 UNIT APARTMENT COMMUNITY
20 YEAR TERM; 20 YEAR AMORTIZATION

Courtyard Lofts

Richmond, VA

$11,500,000 IN NON-RECOURSE PERMANENT FINANCING (FANNIE MAE EXECUTION)
90 UNIT APARTMENT COMMUNITY
10 YEAR TERM; 2 YEARS INTEREST-ONLY; 30 YEAR AMORTIZATION

West Broad Street Apartments

Richmond, VA

$14,560,000 IN NON-RECOURSE PERMANENT FINANCING (VHDA EXECUTION)
102 UNIT APARTMENT COMMUNITY + 10,000 SF COMMERCIAL
30 YEAR TERM; 30 YEAR AMORTIZATION

South Street Lofts

Petersburg, VA

$2,420,000 IN NON-RECOURSE PERMANENT FINANCING (FREDDIE MAC EXECUTION)
41 UNIT APARTMENT COMMUNITY
10 YEAR TERM; 30 YEAR AMORTIZATION

Colonial Heights Apartments

Colonial Heights, VA

$4,920,000 IN NON-RECOURSE PERMANENT FINANCING (FREDDIE MAC EXECUTION)
109 UNIT APARTMENT COMMUNITY
10 YEAR TERM; 30 YEAR AMORTIZATION

Stella360 Apartments

Richmond, VA

$3,525,000 IN NON-RECOURSE PERMANENT FINANCING (FANNIE MAE EXECUTION)
33 UNIT APARTMENT COMMUNITY (HISTOTIC TAX CREDIT)
10 YEAR TERM; 30 YEAR AMORTIZATION

JSOJ

Petersburg, VA

$6,760,000 IN NON-RECOURSE PERMANENT FINANCING (FANNIE MAE EXECUTION)
10 UNIT APARTMENT COMMUNITY
10 YEAR TERM; 30 YEAR AMORTIZATION

Residence Inn

Goochland, VA

$17,000,0000 CONSTRUCTION FINANCING (REGIONAL BANK EXECUTION)
130 ROOM MARRIOTT HOTEL
5 YEAR TERM; IO

Forest Square Apartments

Richmond, VA

$2,600,000 IN NON-RECOURSE PERMANENT FINANCING (FREDDIE MAC EXECUTION)
42 UNIT APARTMENT COMMUNITY
10 YEAR TERM; 1 YEAR IO; 30 YEAR AMORTIZATION

Madison Terrace Apartments

Hopewell, VA

$2,625,000 IN NON-RECOURSE AQUISITION/PERMANENT FINANCING (FANNIE MAE EXECUTION)
76 UNIT APARTMENT COMMUNITY
10 YEAR TERM; 1 YEAR INTEREST-ONLY; 30 YEAR AMORTIZATION

Atrium on Broad Apartments

Richmond, VA

$3,706,000 IN NON-RECOURSE PERMANENT FINANCING (FREDDIE SBL EXECUTION)
42 UNIT APARTMENT COMMUNITY + 3,600 SF COMMERCIAL
10 YEAR TERM; 3 YEARS INTEREST-ONLY; 30 YEAR AMORTIZATION

Revival Apartments

Richmond, VA

$1,505,000 IN NON-RECOURSE PERMANENT FINANCING (FREDDIE SBL EXECUTION)
15 UNIT APARTMENT COMMUNITY
10 YEAR TERM; 1 YEAR INTEREST-ONLY; 30 YEAR AMORTIZATION

Landmark at 1700

Richmond, VA

$3,600,000 IN NON-RECOURSE PERMANENT FINANCING (FREDDIE SBL EXECUTION)
22 UNTI APARTMENT COMMUNITY + 5,000 SF COMMERCIAL
10 YEAR TERM; 30 YEAR AMORTIZATION