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Berkadia Secures $93M Financing for MF Property in Metro D.C.
Berkadia secured a $92.7-million loan to refinance Woodbridge Station, a garden-style multifamily community in Woodbridge, VA. Woodbridge is approximately 22 miles south of Washington, DC.
Located at 1400 Eisenhower Circle, the community features two-, three- and four-bedroom apartments with full-size washers and dryers in-unit. Amenities include a swimming pool with a sun deck, 11 community playgrounds, hiking and jogging trails, a tennis court, dog park, grilling areas and storage units.
Jonathan Pratt and Rossana Bouchaya of Berkadia’s Washington, DC office secured a seven-year, interest-only Fannie Mae loan with a 70% loan-to-value ratio on behalf of the borrower, Washington, DC-based developer and operator Foulger-Pratt. The deal closed July 31.
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- ◦Financing
