Berkadia Arranges $30M Refinancing of Alexandria, Virginia Property Poised for Redevelopment
Alexandria, Virginia – June 4, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, is pleased to announce the successful refinancing of Carlyle Corner, a 268,472-square-foot commercial property in Alexandria, Virginia. Managing Director Brian Gould and Vice President Pat Cunningham of Berkadia DC Metro secured a $30 million 3-year loan from MVB Bank on behalf of the sponsor, Fundrise.
Strategically positioned one block from the Eisenhower Avenue Metrorail Station, the property is currently entitled for over 3 million square feet of redevelopment potential. Fundrise’s business plan focuses on maintaining the existing retail, office and industrial areas of the property until the opportune time to commence the first phase of redevelopment. The surrounding area features a dynamic mix of office, apartment, hotel, and retail spaces, including the U.S. Patent and Trademark Office Headquarters, a complex housing over 10,000 employees situated directly across the street, as well as the National Science Foundation (NSF), located two blocks away.
Berkadia’s Brian Gould stated, “The lender recognized the strength of the asset’s location as one of the premier future development sites in the Washington D.C. metro market. We extend our gratitude to the Fundrise and MVB teams and are pleased to have worked with both parties on another successful financing.”
Garrett Reed, Regional President of MVB, added, “At MVB Bank, we are committed to the success of our clients, and we are excited to partner with Fundrise on this $30 million refinance of their premier property in Alexandria, Virginia. This loan reflects our dedication to being a trusted partner supporting transformative projects that strengthen the communities we serve.”
Fundrise Secures $30M Refi for NoVa Property Primed for Redevelopment | Commercial Observer