HH Fund Secures $49.8M Bridge Loan From M&T Realty Capital For 197-Unit Multifamily Asset

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.