G4 Capital Partners Provides $22.75M Loan For Office To Condo Conversion In Georgetown DC

The property asset involved in this transaction is located at 3333 K Street NW, Georgetown, DC. The asset, which is characterized as an office to condo conversion, has a square footage of 64,516. The loan amount for this acquisition is $22,750,000, facilitated by G4 Capital Partners.

Summary of transaction details:

• Property Type: Office to Condo Conversion
• Transaction Amount: $22,750,000
• Lender: Robert Palumbo, Chris Goetz, Marc Brooks, Adam Parks & Kevin Wang - G4 Capital Partners
• Landlord: One Street Commercial Properties
• Loan Type: Acquisition
• Market: Georgetown, DC

This transaction involved key individuals, including Robert Palumbo, Kevin Wang, Adam Parks, Marc Brooks, Chris Goetz, Alyssa Lang, and Owen Skrodanes from G4 Capital Partners, who provided the acquisition and pre-development financing for the condo project. G4 Capital Partners is actively expanding its footprint and will consider financing projects of $20M and up in major gateway markets within the US.