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July Residential Secures $9.5M Refinancing From Revere Capital For Bonsai Apartments In Washington
FINANCED
$9,500,000
+ 2
MultiFamily
Financed 01/07/2026
FINANCED
July Residential Secures $9.5M Refinancing From Revere Capital For Bonsai Apartments In Washington
1214 Bladensburg Road Northeast
See Similar DealsMultiFamily
Financed 01/07/2026
+ 2
Summary
Asset Type:MultiFamily
Transaction Type:Loan
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:
- Property Type: MultiFamily
- Transaction Amount: $9,500,000
- Lender: Revere Capital
- Landlord: July Residential
- Brokers: Mitch Sinberg, Matthew (Matt) Robbins, Scott Wadler, Brad Williamson & Brian Gould - Berkadia
- Loan Terms: two-year floating-rate loan with two one-year extension options
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,500,000.00
Monthly NOI$63,333.33
Monthly Debt Service$60,046.46
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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