Redbrick LMD Secures $142.5 Million Loan For Mixed-Use Property On Howard Avenue SE In Washington, D.C
633 Howard Avenue Se Washington, D.C, United States
$142,500,000
$57/SF
Building Size
2,500,000 SF
Asset Type
Mixed-use
Closing
Oct 27, 2022
AI
The mixed-use property located at 633 Howard Avenue SE in Washington, D.C has been involved in a recent loan transaction. The property consists of 750 units with a total square footage of 2,500,000. Redbrick LMD acts as the landlord for this property.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $142,500,000
- Address: 633 Howard Avenue SE
- Market: Washington, D.C
- Units: 750
- Square Footage: 2,500,000
- Landlord: Redbrick LMD
The loan amount for this transaction is $142,500,000. No additional information about the deal participants or specific lenders is available.
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