$70.2M in Financing Arranged for Comstock's BLVD|Loudoun Station
Posted March 16, 2011
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Comstock Partners, LC has secured $70.2 million in non-recourse financing for the BLVD|Loudoun Station, a 357-unit mixed-use development at the terminus of the future Silver Line Metrorail project in Ashburn, VA.
Cushman & Wakefield Sonnenblick Goldman's Washington, D.C. Capital Markets team of Executive Director Walter Coker, Senior Managing Director Susan Carras, and Director Brian Crivella exclusively advised Comstock Partners in the transaction. The team closed the transaction through its correspondent relationship with Walker & Dunlop's Federal Housing Authority team.
BLVD|Loudoun Station is the first phase of construction which will eventually bring 3 million square feet of mixed-use urban development including 1,500 multi-family housing units, 320,000 square feet of retail space, entertainment venues, more than one million square feet of class-A office space, recreation and hotel uses.
BLVD|Loudoun Station will deliver rental homes with gourmet kitchens, one and two story floor plans and planned amenities that include recreation spaces, fitness centers, swimming pools and secure parking. Additionally, BLVD will offer 62K SF of ground floor retail, providing entertainment and services for its residents.
Comstock Partners, LC is a privately held real estate development enterprise with a focus on urban, mixed use, and transit oriented developments in Northern Virginia.
RELATED SEE:
Comstock Starts 103-Unit Residential Project in Cascades (2/17/2011)
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Comstock Refinances The Eclipse on Center Park in Arlington (2/2/2011)
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