JPMorgan Chase Bank Provides $300M Mortgage Financing For Washington, D.C.'s CityCenter Mixed-Use Property
825 10th St NW
$300,000,000
$574/SF
Building Size
522,000 SF
Asset Type
Mixed-use
Closing
Nov 28, 2023
About this deal
AI
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.
Players
Washington Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93