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Harbor Group International Provides $38.3M Loan To Kairos Investment For Office Renovation In DC
FINANCED
$38,300,000
Office180,000 SF
Financed 07/16/2025
FINANCED
Harbor Group International Provides $38.3M Loan To Kairos Investment For Office Renovation In DC
1250 Interstate Street Northwest
See Similar DealsOffice180,000 SF
Financed 07/16/2025
Summary
Asset Type:Office
Price Per Square Foot:$212
Total Square Footage:180,000 SF
Transaction Type:Loan
The property asset involved is an office building located at 1250 Interstate Street Northwest in Washington, DC, encompassing a total square footage of 180,000. The asset has undergone refinancing and will be renovated to enhance amenities, common areas, and leasing features.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $38,300,000
- Lender: Harbor Group International
- Landlord: Kairos Investment Management
- Market: Washington, DC
The transaction features Harbor Group affiliates providing a substantial loan to Kairos Investment, facilitating the improvements at the specified office location, enhancing its overall functionality and appeal in the competitive market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$38,300,000.00
Monthly NOI$255,333.33
Monthly Debt Service$242,082.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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