"This was a very interesting and complex transaction," Regional Director of Arbor's Mid-Atlantic office Ridgely W. Potter explains in a statement. The loan is a 17.25-year loan and is fully amortizing with a note rate of 7.46%. In January, the Fairfax County Board of Supervisors approved the issuance and sale of tax-exempt revenue bonds by the Fairfax County Redevelopment and Housing Authority for the rehabilitation of the structure's 224 one-bedroom apartments.
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