Richmond, VA

Canal Crossing

$20m

Size

102,724

SQ.Ft

Richmond, VA

Market

Bridge loan to stabilize property upon tenant rollover
Historic tobacco building built in 1948
Less than five minute walk from downtown business district
Located one block from a GRTC Pulse station
In downtown Richmond’s historic Shockoe Slip
Easy access to Interstate 95 and the Downtown Expressway

John B. Levy & Company, Inc. structured bridge financing to stabilize property from near-term tenant rollover and purchase an adjacent parking lot. In a future phase, plans are to build 44 multifamily units, above current structure. The fully leased property will continue to have significant cash flow during the construction process and will put Class A apartments in the heart of Shockoe Slip.