Case Study
Highpointe
182-unit Alexandria conversion
Property location
5911 Edsall Rd, Alexandria, VA 22304
182
Total Units
VA
State
The transformation
From constraints to outcomes
Before conversion
The constraints
Very high investor population prior to the conversion.
The co-op owned many units due to shareholder defaults, creating severe hardship for the remaining shareholders.
Limited financing alternatives for Co-op owners resulted in low market prices and slow sales.
After conversion
The documented outcomes
Owner Occupant ratio increased immediately post-conversion to condominium and has been steadily climbing.
The Hutton Group arranged bridge loan to fund conversion of these units to condos which were ultimately sold at huge profit for the complex.
Owners now able to secure competitive financing on higher valued condos with excellent market absorption.
Project record
Documented project scope
The source record does not provide a complete financial return table for this project, so only verified scope details are shown.
No unknown, estimated, or unavailable values are displayed.
Property location
Highpointe
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