Skip to content
AidData logo

Overview

Bank of China contributes to a $161 million USD syndicated loan for the mortgage refinancing of four office buildings in Alexandria, Virginia

Commitments (Constant USD, 2023)$83,054,573
Commitment Year•2020Country of Activity•United StatesDirect Recipient Country of Incorporation•UnknownSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jul 1, 2020

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

Loading map…

This loan supported the mortgage refinancing of four office buildings in Alexandria, Virginia. More detailed locational information can be found at https://www.openstreetmap.org/relation/206637.

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned Commercial Banks

  • Bank of China (BOC)

Receiving agencies

Miscellaneous Agency Types

  • Unspecified Entity for the mortgage refinancing of four office buildings in Alexandria, Virginia Project

Loan desecription

Bank of China contributes to a $161 million USD syndicated loan for the mortgage refinancing of four office buildings in Alexandria, Virginia

Interest type•Unknown

Narrative

Full Description

Project narrative

Prior to July 2020, a syndicate of at least two banks — including the Bank of China (BOC) as co-lender — issued a $161 million USD syndicated loan to an unspecified borrower for the mortgage refinancing of four office buildings in Alexandria, Virginia.

Staff comments

1. The precise commitment date is unknown; however, AidData has determined it occurred prior to July 2020 because a timestamped source from that July 2020 mentions it; ergo, it must have made in or prior to that month. 2. The precise number of lenders is unknown. However, BOC being mentioned as a "co-lender" may suggest there was only two lenders, which AidData has assumed for its equal contributions assumptions. The individual contributions of the lenders to this $161 million USD syndicated loan are unknown. For the time being, AidData has estimated BOC's contribution by assuming that two lenders contributed equally ($80,500,000) to the loan syndicate. 3. AidData has assumed this loan was secured (i.e. collateralized) as it was a mortgage refinancing, i.e. a mortgage remained, though with new lenders.