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ALEXANDRIA, VA-Taking advantage of the currently appealing interest rates, the owner of a mixed-use property on the 2000 block of Mt. Vernon Ave. has closed a $10 million refinancing deal on the multi-structure asset. Located off I-395 near the Reagan National Airport, the Mt. Vernon property consists of approximately 61,500 sf of office and retail space, as well as 17 multifamily units.

Relying on the assistance of GMAC Commercial Mortgage Corp. senior vice president Richard Bopp and vice presidents Ryan Pinson and Fabrice Vasques to orchestrate the transaction, property owner Mount Vernon Properties of Delaware LLC is now in possession of a permanent fixed-rate loan from Bear Stearns. The City of Alexandria Human Services Center anchors the office segment.