The Summit Apartments – Richmond, Virginia
John B. Levy & Company is pleased to announce it successfully raised both equity and debt in Opportunity Zone financing for The Summit Apartments – 166 to-be-built multifamily units located in Scott’s Addition, Richmond, Virginia.
Working with the sponsor, John B. Levy & Company customized the equity stack, allowing for the sponsor to meet certain idiosyncratic requirements and close out the equity demands of the property.
Richmond, VA – John B. Levy & Company is pleased to announce $81.7 million in non-recourse construction/permanent financing for The Jameson at Kincora located in Loudoun County, Virginia. The Jameson at Wood Quay, LLC has started construction on the 333 mixed-income multifamily units which sits on a 5+ acre pad within the much larger 424-acre mixed-used project known as Kincora Village Center.
“Every Thorn Has Its Rose” is the latest in a series of timely, informative podcasts produced by John B. Levy & Company, and it provides clients and analysts with a sobering vision of what they can expect in today’s commercial real estate market.