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

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FINANCED
$465,000,000

Dc

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MultiFamily604,000 SF
Financed 12/18/2025
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FINANCED

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

1825 Connecticut Avenue Northwest

See Similar Deals
MultiFamily604,000 SF
Financed 12/18/2025
the dealplayerscompscontact
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Summary

Asset Type:MultiFamily
Price Per Square Foot:$769
Total Square Footage:604,000 SF
Transaction Type:Loan

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.

Players

Nuveen Green Capital
Nuveen Green Capital
LENDER
Post Brothers
Post Brothers
LANDLORD

Details

FINANCED
IMAGE: Michael Doty, Chris Lawton, Irwin Tejeda & Rob DiMatteo DATE: 12/19/2025 ADDRESS: 1825-1875 Connecticut Avenue NW MARKET: Washington, DC ASSET TYPE: Multifamily ~ SF: 604,000 ~ UNITS: 532 LENDER: Nuveen Green Capital & Mavik Capital Management LOAN ORIGINATOR: Michael Doty, Chris Lawton, Irwin Tejeda & Rob DiMatteo LANDLORD: Post Brothers LOAN AMOUNT: $465,300,000 LOAN TYPE: Construction LOAN TERMS: 30 years NOTE: Nuveen Green Capital (NGC), a leader in sustainable commercial real estate financing solutions closed on the record-breaking $465.3 million in C-PACE financing for The Geneva, a landmark office-to-residential conversion in Washington, D.C. The transaction, administered by DC Green Bank, represents the largest Commercial Property Assessed Clean Energy (C-PACE) financing in history. The project also secured a $110 million senior loan from Mavik, a multi-strategy, credit-oriented investment firm with a focus on special situations commercial real estate and hard assets, bringing total project financing to $575 million. Post Brothers, a nationally recognized mixed-use developer, is the Sponsor.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$465,000,000.00

Monthly NOI$3,100,000.00
Monthly Debt Service$2,939,116.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00