Avison Young arranges financing for apartment renovations
Avison Young has arranged a $15.7 million loan to refinance and help fund renovations for an apartment complex in Arlington County.
The Lyon Village Apartments, built in 1939, underwent extensive renovations in 2002. The 109-unit complex is again being upgraded.
The complex is located at 3004 Lee Highway, 3.25 miles from downtown Washington, D.C., and across the street from Lyon Village Shopping Center. It is located within a mile of three Metro stops and is also served by an on-site Metrobus stop.
An Avison Young team of Mike Yavinsky, Wes Boatwright, Jon Goldstein and Clayton Pristou represented the borrower and executed a long-term 20-year loan.
Avison Young is a commercial real estate services firm that is based in Toronto.