Modera Fairfax Ridge courtesy of HFF
Holliday Fenoglio Fowler L.P. (HFF) has announced $55 million in financing for Modera Fairfax Ridge, a 213-unit apartment building in Fairfax.
HFF worked on behalf of the borrower, a joint venture between Mill Creek Residential Trust LLC and The Olayan Group, to secure the seven-year, floating-rate loan with ING Capital LLC. Loan proceeds were used to retire the existing construction financing.
Modera Fairfax Ridge is located at 3887 Fairfax Ridge Road just off U.S. Highways 50 and 66. The property is near several Fortune 500 companies, The Fair Oaks Mall, Fairfax County Government Center, George Mason University and Inova Fairfax.