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High Street Residential & MetLife Investment Management Secures $186M Refinance From Artemis Real Estate Partners
FINANCED
$186,000,000
MultiFamily
Financed 05/22/2025
FINANCED
High Street Residential & MetLife Investment Management Secures $186M Refinance From Artemis Real Estate Partners
1200 3rd Street Northeast
See Similar DealsMultiFamily
Financed 05/22/2025
Summary
Asset Type:MultiFamily
Transaction Type:Loan
The transaction involves a multifamily asset located at 1200 3rd Street Northeast in Washington, DC. This property features a total of 640 residential units and has a refinancing loan secured for $186,000,000. The sizeable loan represents a significant financial arrangement aimed at enhancing the property's financial structure.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $186,000,000
- Loan Type: Refinance
- Lender: Deborah Harmon - Artemis Real Estate Partners
- Landlord: High Street Residential & MetLife Investment Management
High Street Residential, an affiliate of Trammell Crow Company, along with MetLife Investment Management, is noted for securing this refinancing deal through Artemis Real Estate Partners. This collaboration highlights the involved parties' strategic financial planning aimed at the Central Armature Works project.
Players
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$186,000,000.00
Monthly NOI$1,240,000.00
Monthly Debt Service$1,175,646.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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