PGIM & Kennedy Wilson Secures $61.3 Million Refinance From PCCP For Multifamily Asset In Washington D.C

Parc Riverside East is a 287-unit Class A apartment community located at 1011 1st Street Southeast in Washington, D.C.'s Navy Yard/Capitol Riverfront neighborhood. The property was refinanced with a loan amounting to $61,300,000.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $61,300,000
• Lender: PCCP
• Landlord: PGIM & William J. McMorrow - Kennedy Wilson
• Loan Type: Refinance
• Loan Date: 06/30/2026
• Market: Washington, DC

PCCP provided the refinancing loan for the property as part of an agreement involving PGIM and Kennedy Wilson, with William J. McMorrow representing Kennedy Wilson in this transaction.