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Redbrick LMD Secures $37.6 Million Loan For Medical Office Facility In Washington, DC
FINANCED
$37,600,000
Medical Office
Financed 06/02/2026
FINANCED
Redbrick LMD Secures $37.6 Million Loan For Medical Office Facility In Washington, DC
2700 Martin Luther King Junior Avenue Southeast
See Similar DealsMedical Office
Financed 06/02/2026
Summary
Asset Type:Medical Office
Transaction Type:Loan
The asset involved in this transaction is a newly built outpatient medical and community services facility located at 2700 Martin Luther King Junior Avenue Southeast, Washington, DC. The medical office is part of the St. Elizabeths East campus and has secured a loan amount of $37,600,000.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $37,600,000
- Lender: Nuveen Green Capital
- Landlord: Redbrick LMD
- Brokers: Brian Gould & Natalie Hershey - Berkadia
Redbrick LMD secured this financing through a C-PACE financing package, with the loan originated by Nuveen Green Capital and DC Green Bank, indicating a collaborative effort in funding the healthcare facility.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
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
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