Updated Mar 11, 2025
Red Oak Capital Holdings Grants $5.8M Bridge Loan For Hawaii Avenue Apartments In Washington, DC
89 Hawaii Avenue Northeast & 93 Hawaii Avenue Northeast
$5,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 11, 2024
About this deal
AI
Red Oak Capital Holdings has granted a $5.8 million bridge loan for the Hawaii Avenue Apartments, an affordable housing property located at 89 & 93 Hawaii Avenue Northeast, Washington, D.C. This multifamily property has been financed by Gary Bechtel of Red Oak Capital Holdings.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,800,000
- Lender: Gary Bechtel - Red Oak Capital Holdings
- Loan Type: Bridge
The Hawaii Avenue Apartments, an affordable housing property in Washington, D.C., has received a $5.8 million bridge loan from Red Oak Capital Holdings. Gary Bechtel, representing Red Oak Capital Holdings, facilitated the financing for this multifamily property.
On the Map
$5,800,000
MultiFamily
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Players
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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93