Deutsche Pfandbriefbank And Brookfield Asset Management Refinance Mixed-Use Asset In Washington, D.C. For $95M
2000 Pennsylvania Avenue Northwest, Washington, District Of Columbia 20006, United States
$95,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Nov 28, 2022
AI
The property involved in this transaction is a mixed-use asset located at 2000 Pennsylvania Avenue NW in Washington, D.C. The property is owned by Westbrook Partners and MRP Realty. The loan for this transaction was provided by Deutsche Pfandbriefbank (PBB) and Brookfield Asset Management for a total amount of $95,000,000. The loan type is a refinance.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $95,000,000
- Lender: Deutsche Pfandbriefbank (PBB) & Brookfield Asset Management
- Landlord: Westbrook Partners & MRP Realty
- Loan Type: Refinance
The key individuals and companies involved in this deal include Deutsche Pfandbriefbank (PBB) and Brookfield Asset Management as lenders, and Westbrook Partners and MRP Realty as the landlords. These parties played a crucial role in facilitating the loan refinance for the mixed-use property at 2000 Pennsylvania Avenue NW in Washington, D.C.
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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93