Brief
NewPoint Originates $35M Financing for Arlington Hotel-to-Multifamily Conversion
NewPoint Real Estate Capital has originated a $34.6 million floating-rate bridge-to-agency loan for the acquisition and planned conversion of Clarion Collection Arlington Court Suites, a 187-unit prop
Summary
NewPoint Real Estate Capital has originated a $34.
6 million floating-rate bridge-to-agency loan for the acquisition and planned conversion of Clarion Collection Arlington Court Suites, a 187-unit property located in Arlington, Virginia.
The bridge loan, which was used to finance the purchase of the extended-stay hospitality property, includes future funding for capital improvements and is structured... The post NewPoint Originates $35M Financing for Arlington Hotel-to-Multifamily Conversio
Source
- Connect CREconnectcre.com
