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Washington DC & Mid-Atlantic  + Virginia  + Apartments  |  July 15, 2026
Jasmine Kilman
By: Jasmine Kilman

NewPoint Originates $35M Financing for Arlington Hotel-to-Multifamily Conversion

NewPoint Real Estate Capital has originated a $34.6 million floating-rate bridge-to-agency loan for the acquisition and planned conversion of Clarion Collection Arlington Court Suites, a 187-unit property located in Arlington, Virginia.

The bridge loan, which was used to finance the purchase of the extended-stay hospitality property, includes future funding for capital improvements and is structured to support the borrower’s business plan to convert the asset into a multifamily community.

The financing was originated by NewPoint Director, Jacob Gabriel, on behalf of the borrower, Goodhomes Communities LLC. Currently operating as an extended-stay hotel, Clarion Collection Arlington Court Suites will undergo a comprehensive repositioning to multifamily use. Upon completion, the property will offer a mix of studio, one-, two-, and three-bedroom units.

“This transaction underscores the increased momentum behind adaptive reuse opportunities, particularly in high-barrier-to-entry markets like Arlington,” said Gabriel.

Join the region’s leading multifamily owners, developers, investors, lenders, and brokers at Connect Texas Multifamily on August 13 in Dallas for a focused discussion on the market forces redefining Texas real estate. Be in the room with the decision-makers driving deals and growth across Texas. Register today: www.ConnectTXMF2026.com.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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