ANNAPOLIS JUNCTION, MD – Armada Hoffler Properties Inc. has acquired the 416-unit, luxury apartment community, the Residences at Annapolis Junction, in an off-market transaction.
In conjunction with the acquisition, the company refinanced the property with an $84 million agency loan. The 10-year loan is interest-only for the first three years and bears interest at 2.7% per annum.
Armada Hoffler Properties previously served as a mezzanine lender to the developer of the property.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
