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900 19th Street Northwest, ...

Tom Wasko Of PRP Real Assets Secures $34 Million Acquisition Loan For Washington DC Office
FINANCEDOffice

Tom Wasko Of PRP Real Assets Secures $34 Million Acquisition Loan For Washington DC Office

900 19th Street Northwest, Washington, Dc, 20006

$34,000,000

Building Size

Asset Type

Office

Closing

Aug 4, 2026

AI

The property asset involved in this transaction is an office space located at 900 19th Street Northwest in Washington, DC. The transaction involves a loan amount of $34,000,000 for acquisition purposes.

Summary of transaction details:

The transaction brings together key individuals from various companies, with Adam Spengler, Adam Weiss, and Everette Lassiter facilitating the loan origination. Tom Wasko represents PRP Real Assets as the borrower, while the landlord is represented by a team from CBRE, specifically William Wilkins, Tommy Cleaver, and Maxi Leachman.

Players

Tommy Cleaver

CBRE

Broker

$115.5M

vol

4 deals

Broker
Ladder Capital
Ladder CapitalLender
Adam Spengler

Adam Spengler

Ladder Capital

Originator

$1.7B

vol

10 deals

Originator

Washington Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.47%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93