Updated Sep 14, 2026
HH Fund Secures $49.8M Bridge Loan From M&T Realty Capital For 197-Unit Multifamily Asset
950 24th Street Northwest
$49,800,000
Units
197
Asset Type
MultiFamily
Closing
Sep 10, 2026
About this deal
AI
A 197-unit multifamily property known as Varsity on K is located at 950 24th Street Northwest in Washington, D.C., specifically in the Foggy Bottom neighborhood near George Washington University. The property is part of a market valued for its multifamily assets.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $49,800,000
- Lender:M&T Realty Capital Corporation
- Landlord: HH Fund
- Loan Type: Bridge
- Loan Amount: $49,800,000
M&T Realty Capital Corp. facilitated the acquisition loan for HH Fund, indicating the involvement of prominent financial players in the funding of this multifamily asset. The transaction highlights the dynamic financing environment within Washington, D.C.'s real estate market.
On the Map
$49,800,000
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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93