J.P. Morgan Chase Provides $75.6M Construction Loan For Multifamily Development On Butternut St NW In Washington, DC
FINANCED
$75,600,000
District Of Columbia
See Similar DealsMultiFamily
Financed 06/14/2022
FINANCED
J.P. Morgan Chase Provides $75.6M Construction Loan For Multifamily Development On Butternut St NW In Washington, DC
1010 Butternut Street Northwest, Washington, District Of Columbia 20012, United States
See Similar DealsMultiFamily
Financed 06/14/2022
Summary
Asset Type:MultiFamily
Transaction Type:Loan
The property involved in this transaction is a multifamily asset located at 1010 Butternut St NW in Washington, DC. It consists of 344 units and spans across 66 acres.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $75,600,000
- Address: 1010 Butternut St NW, Washington, DC
- Market: Washington, DC
- Lender: J.P. Morgan Chase
- Landlord: Urban Atlantic and Triden Development Group
- Loan Type: Construction loan
J.P. Morgan Chase provided a construction loan of $75,600,000 for the acquisition of this multifamily property at 1010 Butternut St NW. Urban Atlantic and Triden Development Group acted as the landlords in this deal.
Players
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
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
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.
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
$75,600,000.00
Monthly NOI$504,000.00
Monthly Debt Service$477,843.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions