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Redbrick LMD & Gragg Cardona Souadi Secure $37.6 Million Loan For Medical Office In Washington DC

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FINANCED
$37,600,000
Patrick McGlohn
Patrick Cunningham
Hunter Wood
+ 2

Dc

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Medical Office117,075 SF
Financed 06/05/2026
the dealplayerscompscontact
Property Image
FINANCED

Redbrick LMD & Gragg Cardona Souadi Secure $37.6 Million Loan For Medical Office In Washington DC

1201 Sycamore Drive Southeast

See Similar Deals
Medical Office117,075 SF
Financed 06/05/2026
Patrick McGlohn
Patrick Cunningham
Hunter Wood
+ 2
the dealplayerscompscontact
Contact now

Summary

Asset Type:Medical Office
Price Per Square Foot:$321
Total Square Footage:117,075 SF
Transaction Type:Loan

The property involved in this transaction is a 117,075-square-foot outpatient medical facility located at 1201 Sycamore Drive Southeast in Washington, DC. The asset is part of the Congress Heights neighborhood and was completed in 2023, reflecting its modern design and functionality.

Summary of transaction details:

Berkadia secured the financing arrangement through Nuveen Green Capital on behalf of the borrowers, Redbrick LMD and Gragg Cardona Souadi. The financing is categorized as C-PACE, specifically designed to support energy-efficient upgrades and sustainability measures for the medical office facility.

Players

Hunter Wood
NorthMarq
Hunter Wood
10 deals$421M volume
BROKER
Patrick McGlohn
Berkadia
Patrick McGlohn
16 deals$899.2M volume(301) 941-4610
BROKER
Patrick Cunningham
Berkadia
Patrick Cunningham
12 deals$610.5M volume
BROKER
Brian Gould
Berkadia
Brian Gould
13 deals$644.6M volume(917) 297-7551
BROKER
Natalie Hershey
Berkadia
Natalie Hershey
8 deals$447.8M volume
BROKER
Nuveen Green Capital
Nuveen Green Capital
LENDER
RL
Redbrick LMD
LANDLORD

Details

FINANCED
IMAGE: 06/05/2026 ADDRESS: 1201 Sycamore Drive Southeast MARKET: Washington, DC ASSET TYPE: Medical Office ~ SF: 117,075 LENDER: Nuveen Green Capital LANDLORD: Redbrick LMD & Gragg Cardona Souadi BROKERS: Brian Gould, Natalie Hershey, Patrick McGlohn, Patrick Cunningham & Hunter Wood - Berkadia LOAN AMOUNT: $37,600,000 NOTE: Berkadia secured $37.6 million in C-PACE financing for 1201 Sycamore in the Congress Heights neighborhood, a 117,075-square-foot outpatient medical facility completed in 2023, with the deal arranged through Nuveen Green Capital on behalf of borrowers Redbrick LMD and Gragg Cardona Souadi.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$37,600,000.00

Monthly NOI$250,666.67
Monthly Debt Service$237,657.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00