Berkadia Provides $37.8M Financing For Affordable Housing Project In DC's Ward 6

The developers of Northwest One, an affordable housing project in Washington, D.C.'s Ward 6, have secured $37.8 million in financing from Berkadia Affordable Housing. The development site, located at 2 L Street Northwest, is the focus of this transaction. The loan amount of $37.8 million will support the construction and development of the affordable housing project.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $37,800,000
• Address: 2 L Street Northwest, Washington, DC
• Market: Washington, DC

Berkadia is the lender providing the financing for this project. The project's developers include Ryan K. Wade from MRP Realty, Simone Goring Devaney from CSG Urban Partners, and David Jannarone from Taylor Adams Associates. These individuals and their respective companies are instrumental in the successful completion of the Northwest One affordable housing project.