Post Brothers Secures $750 Million Loan From Nuveen Green Capital & Mavik For Multifamily Asset
Post Brothers Secures $750 Million Loan From Nuveen Green Capital & Mavik For Multifamily Asset
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The Geneva is a multifamily property located at 1825-1875 Connecticut Avenue NW in Washington, DC, featuring a total square footage of 604,000 and comprising 530 units. The loan transaction for this asset amounts to $750,000,000 and falls under the category of full stack capitalization.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $750,000,000
- Market: Washington, DC
- Lender: Nuveen Green Capital & Mavik
- Landlord: Post Brothers
- Brokers: Christopher Peck, Ryan Ade, Nicco Lupo, Drew Isaacson, Robert Jenkins & John Lowe - JLL
This transaction highlights the collaboration of key individuals and firms in the multifamily sector, including the representation by the brokers from JLL, who facilitated the loan agreement. The deal illustrates the active engagement of prominent financial institutions in the Washington, DC real estate market.
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