Foulger-Pratt secures $92.7m to refinance Woodbridge Station

Foulger-Pratt secures $92.7m to refinance Woodbridge Station

Published at: 2019-08-06 16:46 | Author: CIJ USA
Foulger-Pratt has secured $92.7m to refinance an apartment complex in Woodbridge, Virginia. Built in 1999, Woodbridge Station Apartments offers 500 units in 23 buildings on 44 acres. Berkadia arranged a seven-year interest-only loan, with an interest rate below 3.5 percent along with a 70 percent LTV ratio through Fannie Mae. The company plans to use the funding for general interior and exterior improvements along with a primary goal to increase energy efficiency by at least 30 percent.

Similar Stories:

Hartz Mountain, Maxal Group secure $100m for New Jersey resi scheme
Hartz Mountain Industries and the Maxal Group secured a $100m loan for Harbor 1500, a 236-  »
Grande Oasis at Carrollwood changes hands for $121.8m
West Shore paid $121.8m for the Grande Oasis at Carrollwood apartment complex in Tampa. Th  »
Lynd Acquisitions Group buys Mayflower Apartments for $43m
Lynd Acquisitions Group acquired Mayflower Apartments in Virginia Beach, Virginia, for $43  »
Frankforter Group buys Atlantic Cypress Creek for $103m
Frankforter Group has paid $103m for a 420-unit, class A apartment complex north of Fort L  »
Hurricane Hermine had the entire state of Florida on the edge of its seat in September. It   »
South Florida’s condo market is readying for a soft landing rather than the crash that m   »
There are approximately 17,000 units in Miami in presale, sold or under construction. Abou   »
The same year Orange County builders pulled 11,000. Fast forward to 2010 and those numbers   »