Updated Oct 28, 2024
District Of Columbia Housing Finance Agency Provides $101M Loan For Multifamily Property In Washington, DC
Benning Road Northeast And 16th Street Northeast, Washington, District Of Columbia 20002, United States
$101,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 5, 2022
About this deal
AI
The multifamily property located at Benning Rd NE & 16th St NE in Washington, DC has recently undergone a closed transaction. The property, owned by Foulger-Pratt - Brigg Bunker & Enduring Affordable Housing Corporation, was part of a loan deal facilitated by the District of Columbia Housing Finance Agency. The loan amount for this transaction was $101,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $101,000,000
- Market: Washington, DC
- Lender: District of Columbia Housing Finance Agency
- Landlord: Foulger-Pratt - Brigg Bunker & Enduring Affordable Housing Corporation
- Address: Benning Rd NE & 16th St NE
The loan deal for this multifamily property was facilitated by the District of Columbia Housing Finance Agency, serving as the lender. The property is owned by Foulger-Pratt - Brigg Bunker & Enduring Affordable Housing Corporation, who acted as the landlord in this transaction.
On the Map
$101,000,000
MultiFamily
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Players
Washington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93