2007 Transactions
Tremont Structures $8,100,000 Financing for Virginia Office Building
The Boston office of Tremont Realty Capital arranged financing for the refinance of Lafayette One, a 49,000 square foot office property located in Chantilly, VA.
David Ross, a Managing Director with Tremont, arranged the $8,100,000 loan. The 2-year, non-recourse loan provided for roughly 80% loan-to-value with a floating interest rate of Libor plus 225. The property was 100% occupied at the time of closing (with a major tenant vacating in 6 months). Property tenants include Washington Homes and RE/Max. According to Ross, “Tremont was able to structure a loan that provided a competitive interest rate, reasonable leverage and safeguards in the face of a dynamic rent roll and provided the Borrower with the funding and leasing reserves they were seeking."
For additional information on this transaction,
please contact:
David Ross
Managing Director
Email: dross@tremontcapital.com
Phone: 617.867.0700 x773
