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Benning Road Northeast And ...

District Of Columbia Housing Finance Agency Provides $101M Loan For Multifamily Property In Washington, DC
FINANCEDMultiFamily

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

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.

Players

District of Columbia Housing Finance Agency
District of Columbia Housing Finance AgencyLender

Washington MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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