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1315 W Street Northwest

Brad Gries Of LaSalle Investment Management Secures $163 Million Refinance Loan For Multifamily Asset
FINANCEDMultiFamily

Brad Gries Of LaSalle Investment Management Secures $163 Million Refinance Loan For Multifamily Asset

1315 W Street Northwest, 1299 Northeast Orenco Station Parkway & 410 South Maple Avenue

$163,000,000

Building Size

Asset Type

MultiFamily

Closing

Jun 30, 2026

AI

The transaction involves a multifamily asset located at 1315 W Street Northwest, 1299 Northeast Orenco Station Parkway, and 410 South Maple Avenue, covering markets in Washington, DC, Hillsboro, OR, and Falls Church, VA. The property consists of 231 units and is associated with a refinancing loan amount of $163,000,000.

Summary of transaction details:

This transaction features key individuals representing significant roles, including lender Peter Akwaboah from Fannie Mae, alongside landlord Brad Gries of LaSalle Investment Management. The landlord's interests were represented by a team from Newmark, comprising Jordan Roeschlaub, Christopher Kramer, Aaron Golesorkhi, Capri Van Gilder, and Samuel Speciale.

Players

Christopher Kramer

Newmark

Broker

$23.2B

vol

117 deals

Broker

Peter Akwaboah

Fannie Mae

Lender

$163M

vol

1 deal

Lender
Fannie Mae
Fannie MaeLender

Brad Gries

LaSalle Investment Management

Landlord

$163M

vol

1 deal

Landlord

Washington MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93