$71.1M Construction Loan for Founders Square High Rise in Arlington, VA

Ashton Park Associates III, LLC, an affiliate of the Shooshan Company, has secured a $71.1 million non-recourse construction loan for the development of The Place, a 17-story, 257-unit, Class A multi-housing project in Arlington, Virginia. The Place will be the residential cornerstone of Founders Square, a 1.2 million-square-foot, mixed-use project with a goal of LEED Gold certification for a Neighborhood Development. – See more at: http://dc.citybizlist.com/article/711m-construction-loan-founders-square-high-rise-arlington-va#sthash.gbJC78L8.fKn9ywX7.dpuf