Congratulations to our partners at John B. Levy & Company on the successful closing of a $13.3 million Freddie Mac refinance for a 106-unit multifamily community in Richmond, Virginia

CLOSED! $13.3 Million Refinance for Multifamily Community – Richmond, Virginia

John B. Levy & Company (JBLco) is delighted to announce the closing of a $13,300,000 refinance for Kensington Place Apartments, a multifamily community located in Richmond, Virginia.

The loan was provided through Freddie Mac's lending platform. 

This milestone achievement reflects JBLco’s continued commitment to providing innovative financial solutions for stabilized multifamily assets in strong, infill submarkets.

Kensington Place Apartments is a 

106‑unit multifamily community

 located at 

3503 Kensington Avenue in Richmond, Virginia

, within the highly desirable Near West End area. The property benefits from its proximity to Carytown, major employment centers, and established residential neighborhoods. 

JBLco served as exclusive advisor on the transaction, structuring and arranging the refinancing to align the capital structure with the sponsor’s long‑term ownership strategy. This financing underscores continued lender confidence in well‑located, stabilized multifamily assets and highlights the strength of JBLco’s longstanding agency lending relationships.

“This refinancing highlights the durability of well‑located assets and the continued availability of agency capital for experienced ownership groups,” said Sandler D. Passman of John B. Levy & Company. “We are proud to have advised on this transaction and to continue supporting our client with long‑term, stable financing solutions.”

This transaction aligns with JBLco’s mission to empower real estate owners and developers with the necessary resources to navigate complex financial environments. The firm leverages its deep market knowledge and strategic partnerships to deliver thoughtful and effective capital solutions.

About John B. Levy & Company

John B. Levy & Company is a premier real estate investment banking firm that provides debt and equity placement services for commercial real estate transactions nationwide. With a focus on innovation and strategic partnerships, JBLco has a proven track record of successfully navigating the complexities of the real estate finance landscape. Since 1995, we’ve been adept at navigating complex financial landscapes and excel in structuring creative capital solutions. In light of recent market volatility and its impact on global real estate capital needs, we’ve continued to provide our expertise and support to ensure successful deal completions. Our latest transaction exemplifies our commitment to delivering optimal outcomes for our clients.Source: 

https://www.jblevyco.com/