Offset Capital Announces $25.35MM Floating-Rate Loan in McLean, VA

NEW YORK, NY — Offset Capital is pleased to announce the closing of a $25.35MM floating-rate loan secured by 23 condominium units within a recently delivered 44-unit building located in McLean, VA.

The loan was structured at 82% as-is LTV and 75% of net sellout value. Loan proceeds were used to refinance existing senior and mezzanine construction debt and provide additional time for the remaining units to sell.

The commercial real estate lender offers a range of full capital stack solutions, including senior bridge loans, mezzanine financing, and preferred equity investments. With a focus on speed, certainty of execution, and customization, Offset Capital is uniquely positioned to help borrowers navigate complex financing situations across asset classes.

For more information on the transaction, please contact Offset Capital at info@offsetcap.com or view Offset Capital’s lending capabilities here.