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JPMorgan Chase Bank Provides $300M Mortgage Financing For Washington, D.C.'s CityCenter Mixed-Use Property
FINANCED
$300,000,000
Mixed-use522,000 SF
Financed 11/28/2023
FINANCED
JPMorgan Chase Bank Provides $300M Mortgage Financing For Washington, D.C.'s CityCenter Mixed-Use Property
825 10th St NW
See Similar DealsMixed-use522,000 SF
Financed 11/28/2023
Summary
Asset Type:Mixed-use
Price Per Square Foot:$574
Total Square Footage:522,000 SF
Transaction Type:Loan
JPMorgan Chase Bank has facilitated a $300 million mortgage financing deal for the first phase of Washington, D.C.'s CityCenter mixed-use property. The property, located at 825 10th St NW, has a total square footage of 522,000. This mixed-use asset is part of the vibrant market in Washington, DC.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $300,000,000
- Address: 825 10th St NW
- Market: Washington, DC
- Lender: JPMorgan Chase Bank
- Broker: Eastdil Secured
In addition to JPMorgan Chase Bank providing the mortgage financing, the deal was facilitated by Eastdil Secured. The involvement of these key individuals and companies highlights the collaboration and expertise behind this significant transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$300,000,000.00
Monthly NOI$2,000,000.00
Monthly Debt Service$1,896,204.07
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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