DC Green Bank, CPC, Amazon, J.P. Morgan, And Freddie Mac Provide $26.7M Loan For Townley Court Development In Washington DC
2315 40th Place Northwest
$26,700,000
Building Size
—
Asset Type
Development Site
Closing
Jul 8, 2025
AI
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.
Players
Washington Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93