WASHINGTON, D.C. — March 2, 2021 — Berkadia announced today the financing secured for Haven Woodbridge, a garden-style multifamily property in Woodbridge, Virginia. Director Phil Brannigan of Berkadia’s Washington, D.C. office secured the $21.3 million in acquisition financing for the property on behalf of the borrower, Washington, D.C.-based Georgetown Partners. The deal closed on February 12.
Fannie Mae provided the 12-year, fixed-rate loan and Georgetown Partners plans to execute a capital improvement campaign to upgrade unit interiors, roofs and common area amenities.
“Haven Woodbridge presented a tremendous opportunity to acquire a community in a great location and lock-in historically low interest rates,” said Brannigan. “The property has maintained stable occupancy over the past year and is another example of the strong multifamily market and growth in Prince William County.”
Located at 13940 Longwood Manor Court, Haven Woodbridge features one- and two-bedroom floor plans with in-unit washers and dryers, large closets and patios or balconies. Community amenities include a leasing office, a dog park and onsite storage. Residents are afforded convenient access to Interstate 95 and the shops and restaurants along Prince William Parkway.