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2000 Pennsylvania Avenue No...

Deutsche Pfandbriefbank And Brookfield Asset Management Refinance Mixed-Use Asset In Washington, D.C. For $95M
FINANCEDMixed-use

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

Westbrook Partners
Westbrook PartnersLender
Westbrook Partners
Westbrook PartnersLandlord

Washington Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

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