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1214 Bladensburg Road North...

July Residential Secures $9.5M Refinancing From Revere Capital For Bonsai Apartments In Washington
FINANCEDMultiFamily

July Residential Secures $9.5M Refinancing From Revere Capital For Bonsai Apartments In Washington

1214 Bladensburg Road Northeast

$9,500,000

Building Size

Asset Type

MultiFamily

Closing

Jan 7, 2026

AI

The property asset involved is Bonsai Apartments, a boutique multifamily community located at 1214 Bladensburg Road Northeast in Washington. It comprises 41 units and has a loan amount of $9,500,000 associated with it. This asset type is positioned within a competitive market and is characterized by its modern amenities and prime urban location.

Summary of transaction details:

Berkadia arranged the refinancing for July Residential, indicating their role in securing funding for the stabilization of the property. This transaction involved multiple brokers actively representing the interests of their client in securing the financing necessary for the deal.

Players

Brad Williamson

Berkadia

Broker

$7B

vol

111 deals

Broker
Revere Capital
Revere CapitalLender

Washington MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.67%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93