Search
 

Meridian Secures Mezz Loan for Luxury Condo at The Boro

Canyon Partners Real Estate has provided $22.9 million to finance development of the 25-story condo, which is currently under development.

By Erika Morphy | Updated on November 03, 2017

Boro Tower rendering

TYSONS, VA–The Meridian Group has secured a $22.9 million mezzanine loan to finance the development of a 25-story, 140-unit luxury condo that is currently under development at The Boro, its 15-acre, 4-million square foot project here.

Los Angeles-based Canyon Partners Real Estate provided the financing for the condo, which Meridian is calling Verse. Verse is the first substantial condominium development in Tysons since One Park Crest delivered in 2008. “With this project, we hope to provide the community with a best-in-class product to meet the growing and pent-up demand for modern, luxury condominiums in Tysons, Meridian Group CIO Gary Block said in a prepared statement.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.