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Hall Structured Finance Grants $30.25M Loan For Office Building Conversion In Washington, D.C
FINANCED
$30,250,000
Office67,997 SF
Financed 01/18/2024
FINANCED
Hall Structured Finance Grants $30.25M Loan For Office Building Conversion In Washington, D.C
1010 Vermont Avenue Northwest
See Similar DealsOffice67,997 SF
Financed 01/18/2024
Summary
Asset Type:Office
Price Per Square Foot:$444
Total Square Footage:67,997 SF
Transaction Type:Loan
A $30.25 million loan has been granted by Hall Structured Finance to support the transformation of a 67,997-square-foot office building located at 1010 Vermont Ave. in Washington, D.C.'s DuPont Circle neighborhood. The building will be converted into 85 apartment units called the Mint House.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $30,250,000
- Address: 1010 Vermont Avenue Northwest, Washington, DC
- Market: Washington, DC
- Asset Type: Office
- Square Footage: 67,997
Craig Hall of HALL Structured Finance acted as the lender for the $30.25 million loan.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$30,250,000.00
Monthly NOI$201,666.67
Monthly Debt Service$191,200.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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