ARLINGTON, VA – Eastern Union has secured $39.7 million in Fannie Mae financing to refinance a 369-unit multifamily community in Arlington, VA.
The complex, Washington & Lee Apartments, is owned by Rockville, MD-based Aubinoe Management and comprises 61 three-story, garden-style apartment buildings. Built in 1948, the community spans 313,578 rentable square feet at 2200 N. 2nd St.
The 10-year carried an interest rate equal to the 10-year Treasury bond rate plus 1.85 points, with a three-year period of interest-only payments.
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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.
