DC Green Bank, CPC, Amazon, J.P. Morgan, And Freddie Mac Provide $26.7M Loan For Townley Court Development In Washington DC

The asset involved in the transaction is a development site located at 2315 40th Place Northwest in Washington, DC. The loan amount for this construction financing is $26,700,000, aimed at fully electrifying and upgrading the Townley Court affordable housing complex in DC’s Ward 3.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $26,700,000
• Lender: DC Green Bank, CPC, J.P. Morgan, Amazon & Freddie Mac
• Landlord: American Housing
• Loan Type: Construction

This transaction involves multiple key players, including DC Green Bank, CPC, J.P. Morgan, Amazon, and Freddie Mac, who collectively provided the construction financing. The financing will support the enhancements to the Townley Court affordable housing complex, which is managed by American Housing.