May 15, 2020 Comments Off on M&T Realty Provides $51M Refinancing for Metro D.C. Apartments Views: 664 D.C. Metro News, Top Washington, D.C., Washington, D.C. News

M&T Realty Provides $51M Refinancing for Metro D.C. Apartments

Order Reprints...

M&T Realty Capital Corp. has provided a $51.2 million Freddie Mac loan to refinance The Elms at Arcola, a 248-unit apartment property in Dulles.

The property is 30 miles west of downtown Washington D.C., and features one, two and three-bedroom floor plans. Amenities include a pool with sundeck, gym, yoga room, cyber café and a community garden. Legend Management Group has been tapped to manage the property.

The borrower, Elm Street Development, delivered the community in 2016. Terms of the financing included a 10-year, fixed-rate loan with five years of interest-only payments and a 30-year amortization schedule.

Connect With M&T Capital

Connect With Elm Street Development

Subscribe to Connect Daily National

For comments, questions or concerns, please contact David Cohen

Tags: ,

Comments are closed.

Send this to a friend