"This was a very interesting and complex transaction," RegionalDirector of Arbor's Mid-Atlantic office Ridgely W. Potter explainsin a statement. The loan is a 17.25-year loan and is fullyamortizing with a note rate of 7.46%. In January, the FairfaxCounty Board of Supervisors approved the issuance and sale oftax-exempt revenue bonds by the Fairfax County Redevelopment andHousing Authority for the rehabilitation of the structure's 224one-bedroom apartments.

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Capital Markets
Multifamily
Washington, DC