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RPC Capital and Kalyan Hospitality have secured a $68 million note for Altitude on Main, a 302-unit office-to-residential conversion project in downtown Richmond, Va. Octagon Finance issued the unitranche loan, which also includes historic tax credits.

The duo purchased the asset for $26.1 million from Vakos Cos. in March, according to Richmond BizSense. The office building has been vacant for roughly a year after its anchor tenant—the Virginia Department of Social Services—relocated.

The 17-story, 253,547-square-foot office building debuted in 1964 at 801 E. Main St. Upon the conversion’s completion, Altitude on Main will feature 8,500 square feet of ground-floor retail space, a gym, a clubroom, a rooftop deck, as well as 366 parking spaces, among other amenities.