Phillips Realty Capital: Phillips Realty Capital Arranges $141.8M Refinancing Loan for New Apartment Community in Arlington, Virginia

ARLINGTON, VA. - Phillips Realty Capital has arranged a $141.8 million refinancing loan for The Sur, a 360-unit apartment community in Arlington's National Landing district. Erkiletian Development Co. delivered the property earlier this year and will use the funding to recapitalize the construction loan, with reserves funding additional lease-up costs. KKR provided the three-year, non-recourse [...] The post Phillips Realty Capital Arranges $141.8M Refinancing Loan for New Apartment Community in Arlington, Virginia appeared first on REBusinessOnline.