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Carr Capital Corporation Closes $3.4 Mil Refinancing for Cascades South

WASHINGTON, DC-Carr Capital Corp. brokers $3.4 million re-financing at 7.27% for a 32,011-sf office building in Cascades Executive Center on South Lakes Drive for an affiliate of the Reston, VA-based Walker & Co.

By Diane Cook | Updated on January 17, 2001

WASHINGTON, DC-Carr Capital Corp.’s Cascades South office building now carries $3.4 million financing on a 10-year, fixed-rate loan amortizing over a 30-year period, according to company-released information. The refinancing of the 32,011-sf office building on South Lakes Drive near the intersection of Reston Parkway and Sunrise Valley Drive in Reston, VA is one of four buildings making up the Cascades Executive Center.

Ed Schulze and Oliver Carr arranged the 7.27% fixed interest rate deal for the building’s owner, an affiliate of Reston-based Walker & Co. This equates to a 214 basis point spread over the 10-year treasury.

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