Post Brothers Secures $465.3 Million Construction Loan For Multifamily Project In Washington DC

The asset involved in this transaction is a multifamily property located at 1825-1875 Connecticut Avenue NW in Washington, DC. The property features 604,000 square feet and consists of 532 units. A construction loan amounting to $465,300,000 has been secured for this project.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $465,300,000
• Loan Type: Construction
• Loan Terms: 30 years
• Lender: Nuveen Green Capital & Mavik Capital Management
• Loan Originator: Michael Doty, Chris Lawton, Irwin Tejeda & Rob DiMatteo
• Landlord: Post Brothers

This transaction represents a record-breaking achievement as it involves the largest Commercial Property Assessed Clean Energy (C-PACE) financing in history. Nuveen Green Capital, a leader in sustainable commercial real estate financing, played a key role while also securing an additional $110 million senior loan from Mavik Capital Management, a firm known for its focus on special situations in commercial real estate.