12A — July 12 - 25, 2019 — M id A tlantic
Real Estate Journal
www.marej.com
RECEIVER SALE
D el M ar V a Hodson and Goldstein lead transaction M&T Realty Capital Corp. provides $16.05M in financing
On behalf of Roger Schlossberg, Esq.
Hager Hall Conference Center & Restaurant/Bar Business & Property For Sale in Hagerstown, MD
p o r a t i o n has closed a $16,050,000 Freddie Mac O p t i g o S M G r e e n U p loan for the acqui s i t i on of Berkeley & Warwick Place, a 265- unit rental t o w n h o m e c ommun i t y in Richmond on behalf of Walde Enter- prises. Walde R
Enterprises will make upgrades to the property to improve both energy and water usage as part of the Green Up program. Berkeley & Warwick Place offers one-, two-, and three- bedroom units for rent. Each unit features an eat-in kitchen with a walk-in pantry and a roomy floor plan. Property amenities include laundry rooms and a playground. The property is located near Chip- penham Parkway and I-95, offering convenient access to lo- cal employers and to downtown Richmond. The 10-year loan is struc- tured with three years of in- terest-only payments, followed by a 30-year amortization.
The transaction was led by managing directors Matthew Hodson and Debra Gold- stei n of M&T Realty Capital Corporation’s Falls Church, VA and Washington, DC offices, respectively. “Freddie Mac’s Green Up program offers multiple ben- efits to owners who are inter- ested in reducing the energy and water consumption at their properties,”states Matthew Hodson. “The improvements Walde Enterprises plans to make to Berkeley & Warwick Place will help their tenants save money on both energy and water usage, while bringing the property in line with modern sustainability standards.” • Penthouse units • Private balconies • Luxury finishes throughout • A rooftop lounge • Surface parking • Short- and long-term bicycle storage Owned by Lock7 Develop- ment and financed by Adler Financial, the project is cur- rently under construction and will be complete in 2020. *Rendering courtesy of Square 134 Architects.
ICHMOND, VA — M&T Realty Capital Co r -
EXCELLENT INVESTMENT OFFERING
• Turn-key opportunity includes all 3 businesses - Hager Hall : 30,000 sq.ft. with ballroom plus 3 entertaining spaces - Barefoot Bernie’s Bar & Grille : 240 seat restaurant + 24 seat bar - Cancun Cantina Bar : 8,000 sq.ft. nightclub, 7 indoor/outdoor bars • Well-maintained buildings totaling 56,000 sq.ft. on 9.6 acres • All offers encouraged
Matthew Hodson
Mike Matlat (631) 465-9508 mike@agrealtypartners.com
Michael Stanford Broker: (301) 733-4183 mstanford@cesproperties.com
Debra Goldstein
Kinsley breaks ground on new condo Building in DC
WASHINGTON, DC — Kinsley Construction, Inc. was recently awarded a con- tract to construct a new mul- tifamily building in Wash- ington, DC. Located at 4111 Kansas Ave., NW, the building will be constructed on the now vacant lot behind the YES! Organic Market in Petworth. The new 33,000 s/f, 40-unit building will include: • One-, two- and three-bed- room units with open floor
Client: A&G Realty Partners Publication: Mid-Atlantic RE Journal Issue Date: 7/12/19 Size/Color: 4” x 4.25” BW
FULL-SERVICE BROKERAGE SERVICES
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