Recent Transactions

$30,000,000Secured a construction loan to finance a grocer-anchored retail development in Glen Mills, Pennsylvania. The property consists of 187,075 square feet across 31.3 acres. A regional bank providing the financing for this transaction.
Retail Development
Glen Mills, PA
$8,000,000
Procured a 15-year permanent, fixed rate loan for this 62,960 square foot medical office building in Richmond, Virginia. Financing was provided by one of our correspondent life insurance companies.

Medical Office Building
Richmond, VA
$25,000,000
Procured a 25-year permanent, fixed rate loan with two years of interest only for this 218,804 square foot, grocery-anchored shopping center in Richmond, Virginia. Financing was provided by one of our correspondent life insurance companies.

Retail Center
Richmond, VA
$14,000,000
Procured a 10 year permanent, fixed-rate loan for this 430-unit apartment complex in Richmond, Virginia. Financing was provided by Fannie Mae.

Apartment Community
Richmond, VA
$8,000,000
Procured a 10-year permanent, fixed-rate loan for the acquisition of this 195,000 square foot industrial/flex property located in Charlotte, North Carolina. A CMBS lender provided financing for this property.

Industrial Property
Charlotte, NC
$12,000,000
Procured a 10-year, permanent, fixed-rate loan for the refinance of this 158,000 square foot portfolio of office and retail properties in Colonial Heights, Virginia. A local bank provided financing for these properties.

Office/Retail Portfolio
Colonial Heights, VA
$13,000,000
Secured a permanent, fixed-rate loan to take out the construction loan for this Class A office building in Dumfries, Virginia. The property contains 99,655 rentable square feet. Financing for this transaction was provided by one of our correspondent lenders.

Office Building
Dumfries, VA
$106,000,000Procured a permanent, fixed-rate loan to refinance this trophy office building in Tysons Corner, Virginia. The property contains 320,000 rentable square feet and ground floor retail. Financing for this transaction was provided by one of our correspondent lenders.
Office Building
Tysons Corner, VA
$48,000,000Procured a fixed-rate, permanent loan to refinance this 225,423 square foot, Class A office building located in Rockville, Maryland. Financing for this transaction was provided by one of our correspondent lenders.
Office Building
Rockville, MD
$24,000,000Secured a permanent, fixed-rate loan for this 204-unit, seven building, Class A apartment community in Frederick, Maryland. Financing for this transaction was provided by one our correspondent lenders.
Apartment Community
Frederick, MD
$56,000,000Procured a permanent, fixed-rate loan for this newly developed 197,717 square foot, Class A, LEED Platinum office building located in Rockville, Maryland. A life company provided the financing for this transaction.
Office Building
Rockville, MD
$34,000,000Procured a $34,000,000 preferred equity loan to refinance this Class A+ office building in downtown Washington, DC. Financing for this transaction was provided by a REIT.
Office Building
Washington, DC
$42,000,000Secured a permanent, fixed-rate loan to refinance this 175,138 square foot, anchored shopping center in Frederick, Maryland. Financing for this transaction was provided by a regional bank.
Retail Center
Frederick, MD
$25,000,000Procured a fixed-rate, permanent loan to refinance this retail center in Gaithersburg, Maryland. This grocer-anchored property consists of two strip shopping centers, encompassing over 125,000 square feet. A life company provided the financing for this property.
Retail Center
Gaithersburg, MD
$26,000,000Secured $26,000,000 in equity for this 297-unit luxury apartment property in Potomac, Maryland. Financing for this transaction was provided by a correspondent life company.
Apartment Property
Potomac, MD
$28,000,000Procured a permanent, fixed-rate, non-recourse loan to refinance this all suite hotel in Arlington, Virginia. The property consists of 154,180 square feet and 261 units. A correspondent life company provided the financing for this transaction.
Hotel Property
Arlington, VA
$31,000,000
Procured a permanent, fixed-rate loan to refinance this mixed-use property in Washington, DC. The property which is 100% leased, consists of 47,502 square feet in eight adjacent historic buildings containing office and retail space. Financing for this transaction was provided by a CMBS group.

Mixed-Use Property
Washington, DC
$10,000,000Procured a fixed-rate, permanent loan to refinance this 119-room hotel property in Bel Air, Maryland. A CMBS lender provided the financing for this transaction.
Hotel Property
Bel Air, MD
$12,000,000Secured a $12,000,000 bridge loan to refinance this 191,187 square foot mixed-use development in Washington, DC. An international bank financed this transaction.
Mixed-Use Development
Washington, DC
$12,000,000Procured a $12,000,000 mezzanine loan to fund this mixed-use development in Washington, DC. Financing for this transaction was provided by a private capital source.
Mixed-Use Development
Washington, DC
$100,000,000Procured a $100,000,000 permanent, fixed-rate loan to refinance this 292,237 square foot, grocer-anchored, retail center in Annapolis, Maryland. Financing for this transaction was provided by one of our correspondent lenders.
Retail Center
Annapolis, MD
$7,000,000
Secured a $7,200,000 permanent, fixed-rate loan to refinance this 107,606 square foot, grocer-anchored shopping center in Germantown, Maryland. Financing for this transaction was provided by one of our correspondent lenders.

Shopping Center
Germantown, MD
$124,000,000Procured a permanent, fixed-rate loan for this office and retail property in Silver Spring, Maryland. One of our correspondent lenders, a life company, provided the financing for this transaction.
Mixed-Use Property
Silver Spring, MD
$14,000,000Procured a 10-year, fixed-rate loan to refinance this 101,000 square foot office building in Columbia, Maryland. A community bank provided the financing for this transaction.
Office Building
Columbia, MD
$13,000,000Secured a 10-year, permanent loan to refinance this 134-unit apartment building in Arlington, Virginia. Financing for this transaction was provided by a life insurance company.
Apartment Building
Arlington, VA
$8,000,000Secured a permanent, fixed-rate, non-recourse loan to refinance this Class A, two-story medical office building in Woodbridge, Virginia. Financing was provided by a regional bank.
Medical Office Building
Woodbridge, VA
$9,000,000Procured a permanent loan to develop a health club facility in Gainesville, Virginia. The property will consist of 46,526 square feet and situated on 4.1 acres. A regional bank provided the financing for this transaction.

Health Club
Gainesville, VA
$11,000,000Procured financing to further develop this active adult community outside of Winchester, Virginia. Funds for this project were provided by an equity lender.
Residential Development
Frederick County, VA
$8,000,000Procured a permanent loan to finance this 2-story office building and warehouse property in Ashburn, Virginia. A local bank provided the financing for this transaction.
Flex Property
Ashburn, VA
$11,000,000Secured a non-recourse loan to refinance this five-story hotel in Charlottesville, Virginia. A CMBS lender provided the financing for this transaction.
Hospitality Property
Charlottesville, VA
$24,000,000Procured a fixed-rated loan to refinance this 84-unit multi-family building, including 8,814 square foot of retail space, in northwest Washington, DC. Financing was provided by one of our correspondent lenders.

Multi-Family Building
Washington, DC
$20,000,000Procured a fixed-rate, permanent loan to finance this ground lease in Bethesda, Maryland. The property consists of 10.2 acres in a highly affulent market. Financing was provided by one of our correspondent lenders.
Ground Lease
Bethesda, MD
$17,000,000Secured a fixed-rate, permanent loan to refinance this 75,265 square foot, multi-building retail center in northwest Washington, DC. Financing for this transaction was provided by a local bank.
Retail Center
Washington, DC
$8,000,000Procured an interim floating-rate loan to refinance this mixed-use property in Frederick, Maryland. A local bank provided the financing for this transaction.
Mixed-Use Property
Frederick, MD
$66,000,000Procured a permanent, fixed-rate loan to refinance this 13-story, 250,000 square foot office building in Washington, D.C. A life insurance company provided the financing for this transaction.
Office Building
Washington, DC
$21,000,000Procured a long-term, fixed-rate loan to refinance this 765-bed student housing portfolio located at six universities in five states. A CMBS lender provided the financing for this transaction.
Student Housing Portfolio
NY, VA, KY, TN, SC
$16,000,000
Secured a long-term, fixed-rate loan to refinance this 422-unit apartment community in Alexandria, Virginia. Financing for this transaction was provided by one of our correspondent lenders.

Apartment Community
Alexandria, VA
$30,000,000Procured a 10-year, fixed-rate loan for this 195,483 square foot, office and retail center in Bethesda, Maryland. Financing was provided by one of our correspondent lenders.
Mixed-Use Property
Bethesda, MD
$20,000,000
Procured a fixed-rate, permanent loan for this 59,391 square foot, grocery-anchored retail center in Potomac, Maryland. Financing was provided by one of our correspondent lenders.

Retail Center
Potomac, MD
$11,000,000Procured a permanent, fixed-rate loan to refinance this 102,376 square foot flex building in Dulles, Virginia. The property has 200 surface parking spaces and is 100% leased. A correspondent life company provided the financing for this transaction.
Flex Building
Dulles, VA
$55,000,000Procured a $33,500,000 bridge loan and $21,215,530 in preferred equity for this 184,213 square foot office building located in Arlington, Virginia. The purpose of the loan was to payoff the existing loan and provide additional capital for renovation and retenanting the building. Financing was provided by a national bank and an institutional fund.
Office Building
Arlington, VA
$12,000,000Procured a fixed rate, permanent loan for this eight-story, Class A office building consisting of 97,468 square feet located in Alexandria, Virginia. The property is situated on a 4.484 acre parcel of land. One of our correspondent lenders, a life insurance company, provided the financing for this transaction.
Office Building
Alexandria, VA
$31,000,000Obtained a construction loan for this multi-family community in Silver Spring, Maryland. The development contains 160 market-rate units and parking. An international bank provided the financing for this transaction.
Multi-Family Community
Silver Spring, MD
$23,000,000
Procured a $23,454,000 construction loan for this 49.2 acre planned, mixed-use development located in Frederick, Maryland. At completion, the project will contain approximately 179,322 square feet of retail/commercial space and 276 residential units. A regional bank provided the financing for this development.

Mixed-Use Development
Frederick, MD
$15,000,000Procured a construction permanent loan for this 46,500 square foot medical office building in Rockville, Maryland. Financing for this transaction was obtained from a regional bank.
Medical Office Building
Rockville, MD
$10,000,000Procured a non-recourse, fixed-rate loan to refinance this 24,885 square foot retail center in Urbana, Maryland. Financing for this transaction was obtained from a local bank.
Retail Center
Urbana, MD
$22,000,000Secured a permanent loan to refinance this multi-family development, consisting of townhomes and apartments, in Ellicott City, Maryland. Financing was provided by one of our correspondent lenders.
Multi-Family Community
Ellicott City, MD
$19,000,000Procured a 10-year, non-recourse permanent loan to refinance this 202,000 square foot, anchored shopping center in Lynchburg, Virginia. A CMBS lender provided the financing for this transaction.
Anchored Shopping Center
Lynchburg, VA
$25,000,000Secured a 10-year, 5.25% fixed rate, permanent loan for the acquisition of this office building in Rockville, Maryland. The property consists of two buildings with 141,859 rentable square feet. A local bank provided the financing for this transaction.
Office Building
Rockville, MD
$8,000,000Procured a 15-year, 4.6% fixed rate, permanent loan for this retail center in Frederick, Maryland. The property contains three buildings, two inline buildings, a leased pad site, as well as parking. Financing was provided by one of our correspondent lenders.
Retail Center
Frederick, MD
$41,000,000Procured a construction permanent loan for this 224-unit apartment community. The property located in Gaithersburg, Maryland, also includes ground level retail and underground parking. Financing was provided by one of our correspondent lenders.

Apartment Community
Gaithersburg, MD
$36,000,000Secured a fixed-rate, permanent loan to refinance this 251,993 square foot, anchored retail center in Gaithersburg, Maryland. The property was 95% leased at closing. One of our correspondent lenders, a life insurance company, provided the financing for this loan.
Anchored Retail Center
Gaithersburg, MD
$22,000,000
Procured a floating rate, construction loan for this 204-unit, seven building, garden-style apartment community in Frederick, Maryland. A national bank provided the financing for this development.

Apartment Community
Frederick, MD
$22,000,000Procured a permanent fixed-rate loan to refinance this 121,970 square foot, grocery-anchored shopping center in Burtonsville, Maryland. Financing was provided by one of our correspondent lenders.
Anchored Shopping Center
Burtonsville, MD
$25,000,000Secured a fixed-rate, permanent loan for the acquistion of this Class A office building in downtown Annapolis, Maryland. A correspondent lender provided the financing for this transaction.
Office Building
Annapolis, MD
$42,000,000Procured a $42,000,000 permanent loan for this newly renovated Class A, office building. This 164,001 square foot property is located in the heart of the Rosslyn-Ballston Corridor in Arlington, Virginia. The loan closed in 17 days with financing provided by a correspondent lender.

Office Building
Arlington, VA
$11,000,000Secured a fixed-rate, permanent loan for the acquisition of this 118,700 square foot, three building, industrial/retail portfolio in Alexandria, Virginia. Financing was obtained from a local bank.
Industrial/Retail Portfolio
Alexandria, VA
$8,000,000Secured a fixed-rate permanent loan to refinance this 106,945 square foot industrial building. The property is located in Newington, Virginia and is 94% leased. A local bank provided the financing for this transaction.
Industrial Building
Newington, VA
$65,000,000Procured a construction loan for this 327-unit, Class A, apartment project in Merrifield, Virginia. Financing was provided by a national bank.
Apartment Project
Merrifield, VA
$20,000,000
The project, which spans two city blocks in Northwest Washington, DC, anchored by a Giant grocery, contains approximately one million square feet of mixed-use development including residential, retail and hotel uses. Financing was procured from a private investor.

Mixed-Use Development
Washington, DC
$70,000,000Obtained a $70,000,000 permanent loan to refinance this 284,904 square foot, Class A office building in southeast Washington, D.C. The property is 100% leased and a national life insurance company provided the financing.
Office Building
Washington, DC
$10,000,000Procured a permanent loan to refinance this anchored shopping center in Millsboro, Delaware. Financing was provided by a national insurance organization.
Shopping Center
Millsboro, DE
$8,000,000Procured a non-recourse, construction/permanent loan for this Class A, two-story medical office building in Woodbridge, Virginia. A local bank provided the financing for the development of property.
Medical Office Building
Woodbridge, VA
$38,000,000Obtained a 15-year, permanent loan for the acquistion of this grocery-anchored shopping center in Severna Park, Maryland. A life company provided the financing for this project.
Shopping Center
Severna Park, MD
$10,000,000Secured a bridge loan for the acquisition of two medical office buildings in Charlotte, North Carolina. Financing was provided by a balance sheet lender.
Two Medical Office Buildings
Charlotte, NC
$15,000,000Obtained a fixed-rate permanent loan for this multi-building retail center in Washington, DC. A regional bank provided the financing for this transaction.
Retail Center
Washington, DC
$16,000,000Secured a fixed-rate loan for the leased fee interest for this grocery-anchored retail center located in Bethesda, Maryland. Financing was provided by one of our correspondent lenders.
Retail Center
Bethesda, MD
$18,000,000Procured a $17,850,000 construction loan for this 49.2 acre planned mixed-use development with retail and residential located in Frederick, MD. Financing was provided by a local bank.
Mixed-Use Development
Frederick, MD
$33,000,000Procured a construction loan for an apartment building in Charlottesville, Virginia. Financing was provided by HUD under their 22(d)(4) loan program.
Apartment Building
Charlottesville, VA
$32,000,000Procured a fixed-rate, permanent loan for three Class A office buildings totaling 276,059 square feet in Chantilly, Virginia. Financing was provided by a CMBS lender.

Class A Office Portfolio
Chantilly, VA

Welcome to Phillips Realty Capital

	Since 1933, Phillips Realty Capital has been providing real estate developers, investors and owners with capital solutions that meet their commercial real estate financing objectives. Phillips Realty Capital provides a full range of services including investment analysis and valuations, deal pricing and sizing, complete underwriting, deal process management and closing, third party report review, and loan servicing and administration. We collaborate with our clients to understand and define their financial objectives and arrange the most competitive transaction available in the market.

Since 1933, Phillips Realty Capital has been providing real estate developers, investors and owners with capital solutions that meet their commercial real estate financing objectives.

Phillips Realty Capital provides a full range of services including investment analysis and valuations, deal pricing and sizing, complete underwriting, deal process management and closing, third party report review, and loan servicing and administration.

We collaborate with our clients to understand and define their financial objectives and arrange the most competitive transaction available in the market.