Updated Apr 9, 2026
Rockport Mortgage Corporation Provides $37.2 Million Refinance For Samuel Kelsey Apartments In Washington D.C
3322 14th Street Northwest
$37,200,000
Units
150
Asset Type
Senior Housing
Closing
Apr 7, 2026
About this deal
AI
The transaction involves Samuel Kelsey Apartments, a senior housing asset with 150 units located at 3322 14th Street Northwest in Washington, DC. The asset is classified under affordable senior housing and had a loan amount of $37,200,000 refinanced through HUD 223(f).
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $37,200,000
- Loan Type: Refinance
- Lender: Rockport Mortgage Corporation
- Landlord: WinnCompanies
- Market: Washington, DC
This refinance transaction was conducted to retire existing debt and fund renovations for the property, highlighting the financial strategy involved in the management of Samuel Kelsey Apartments.
On the Map
$37,200,000
Senior Housing
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Washington Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93