Merkin & Tropp of Eastern Union Funding represent borrower in $4.35 million loan
Vanassas, VA — Eastern Union Funding arranged a $4.35 million loan with Burke & Herbert Bank to refinance the Quality Inn in Manassas. Eastern Union's David Merkin and Marc Tropp represented the borrower, a local owner/operator, in the transaction.
Located at 10653 Balls Ford Rd., at the intersection of I-66 and Rte. 234, the 120-room hotel is 17 miles from the Washington Dulles International Airport, and proximate to several Northern Virginia and Washington, D.C. attractions and universities.
In other news, Eastern Union Funding arranged $2.25 million in acquisition and renovation financing for ZWL Properties’ purchase of 5000 West Bloomingdale Ave., a 138,000 s/f flex office and warehouse property on 5.1 acres in Chicago, IL. ν