Merchants Capital Provides $141M Construction Loan For Mixed-Use Property In Washington, DC
1000 4th Street Southwest, Washington, District Of Columbia 20024, United States
$141,000,000
$35,347/SF
Building Size
3,989 SF
Asset Type
Mixed-use
Closing
Jan 10, 2022
AI
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.
Players
Washington Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93