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1000 4th Street Southwest, ...

Updated Oct 28, 2024

Merchants Capital Provides $141M Construction Loan For Mixed-Use Property In Washington, DC
FINANCEDMixed-use

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

About this deal

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.

The mixed use loan at 1000 4th Street Southwest, Washington, District Of Columbia 20024, United States in Washington, District of Columbia financed for $141M in 2022. The building is 3,989 square feet, implying about 35.3K per square foot on the published price. Named participants on the 1000 4th Street Southwest, Washington, District Of Columbia 20024, United States loan are Marsha Goff. This page is the Washington, District of Columbia file for the 1000 4th Street Southwest, Washington, District Of Columbia 20024, United States mixed use financed: pricing, party profiles, and other closed mixed use comps from the same Washington sit in the Market section below. Filter that Washington mixed use set by closing date to see what else financed near 1000 4th Street Southwest, Washington, District Of Columbia 20024, United States around 2022. Published consideration for 1000 4th Street Southwest, Washington, District Of Columbia 20024, United States is $141M, dated 2022. Cite this Merchants Capital Provides $141M Construction Loan For Mixed-Use Property In Washington, DC loan when underwriting similar mixed use product around Washington, District of Columbia.

Players

Marsha Goff

Merchants Capital

Broker

$141M

vol

1 deal

Broker
Merchants Bank of Indiana
Merchants Bank of IndianaLender

Washington Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Deal FAQ

About $35.3K per square foot on a published $141M for 3,989 square feet (2022).

Visit Merchants Capital to view all their deals.

Browse Washington mixed use loans on Traded.

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

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