Armada Hoffler gets new $100 term loan, optional increase to $200 million

By Mary-Katherine Stinson

Lexington, Ky., Dec.7 – Armada Hoffler Properties, Inc. announced a new $100 million term loan with an optional increase in total capacity to $200 million, according to a press release.

The new term loan matures concurrently with the company’s existing line in January 2027 at a fixed interest rate of 4.79%.

Manufacturers and Traders Bank is the sole administrative agent and lead arranger for the credit facility.

Proceeds are being used to unencumber the company’s newly stabilized Wills Wharf asset and three Town Center of Virginia Beach retail assets.

Armada Hoffler is a Virginia Beach, Va.-based real estate investment trust focused on retail and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.

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