Partnership Secures $162M Loan for D.C. Multifamily

Toll Brothers Apartment Living and CrossHarbor Capital Partners plan to develop a 501-unit community in an Opportunity Zone.

WASHINGTON D.C. – Toll Brothers Inc., through its Toll Brothers Apartment Living rental division, and CrossHarbor Capital Partners have formed a joint-venture partnership to develop a 501-unit multifamily community in Washington D.C.

The project is being financed by a $162.7 million construction loan facility from Bank OZK. The debt and equity were arranged by Toll Brothers’ in-house finance department.

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Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.

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