Merchants Capital Provides $141M Construction Loan For Mixed-Use Property In Washington, DC
FINANCED
$141,000,000
District Of Columbia
See Similar DealsMixed-use3,989 SF
Financed 01/11/2022
FINANCED
Merchants Capital Provides $141M Construction Loan For Mixed-Use Property In Washington, DC
1000 4th Street Southwest, Washington, District Of Columbia 20024, United States
See Similar DealsMixed-use3,989 SF
Financed 01/11/2022
Summary
Asset Type:Mixed-use
Price Per Square Foot:$35,347
Total Square Footage:3,989 SF
Transaction Type:Loan
Hoffman & Associates, AHC, CityPartners & Paramount Development have secured a construction loan worth $141,000,000 for a mixed-use property located at 1000 4th St SW in Washington, DC. The loan was provided by Merchants Bank of Indiana and Fannie Mae.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $141,000,000
- Square Footage: 449
- Address: 1000 4th St SW, Washington, DC
- Market: Washington, DC
Merchants Capital, represented by Marsha Goff, served as the broker in this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$141,000,000.00
Monthly NOI$940,000.00
Monthly Debt Service$891,215.91
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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