$65 million in financing arranged for The View
- July 1, 2014
HFF has arranged $65 million in financing for The View, a 17-story, 257-unit apartment tower in Arlington.
HFF worked on behalf of Ashton Park Associates III, LLC, an affiliate of The Shooshan Co., to place the 15-year, fixed-rate loan with Prudential Mortgage Capital Co. Loan proceeds were used to retire the existing construction debt on the property, which HFF secured for the borrower in 2012.
The View is located at 4000 Wilson Boulevard in the Rosslyn-Ballston Corridor of Arlington. Completed this year, the LEED Silver luxury property includes studio, one- and two-bedroom units with open floor plans and floor-to-ceiling windows. The property also includes 9,000 square feet of ground-floor retail space with outdoor café seating.
The View is the residential cornerstone of the second phase of Liberty Center, a 2.3 million-square-foot, mixed-use project. When completed, nine-building Liberty Center development will include hotel, retail, office and multi-housing components centered on open public space.
Founded in 1986, The Shooshan Co. is a privately owned developer. The company has planned, developed and invested in more than 3 million square feet of mixed-use space in Arlington.