Redbrick LMD Secures $142.5 Million Loan For Mixed-Use Property On Howard Avenue SE In Washington, D.C
FINANCED
$142,500,000
District Of Columbia
See Similar DealsMixed-use2,500,000 SF
Financed 10/28/2022
FINANCED
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
See Similar DealsMixed-use2,500,000 SF
Financed 10/28/2022
Summary
Asset Type:Mixed-use
Price Per Square Foot:$57
Total Square Footage:2,500,000 SF
Transaction Type:Loan
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.
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$142,500,000.00
Monthly NOI$950,000.00
Monthly Debt Service$900,696.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions