Redbrick LMD Secures $37.6 Million Loan For Medical Office Facility In Washington, DC

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.