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:
- Property Type: Office
- Transaction Amount: $34,000,000
- Lender: Ladder Capital
- Loan Originators: Adam Spengler, Adam Weiss, & Everette Lassiter
- Borrower: Tom Wasko - PRP Real Assets
- Landlord's Representatives: William Wilkins, Tommy Cleaver & Maxi Leachman - CBRE
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
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