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Elm Street Development Secures Permanent Financing for The Elms at Arcola

Firm's $51 Million Loan May Signal Plan to Hold 248-Unit Property Near Dulles Airport Long Term
The Elms at Arcola. (CoStar)
The Elms at Arcola. (CoStar)
By Antonino Evola
CoStar Research
May 18, 2020 | 1:29 P.M.

Elm Street Development has secured a round of permanent financing for its The Elms at Arcola complex in Sterling, Virginia, at a time when loan originations are down because of the coronavirus pandemic.

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