Updated Oct 28, 2024
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
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