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

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FINANCED
$101,000,000

District Of Columbia

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MultiFamily
Financed 09/06/2022
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Property Image
FINANCED

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

See Similar Deals
MultiFamily
Financed 09/06/2022
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Summary

Asset Type:MultiFamily
Transaction Type:Loan

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

LENDER

Details

FINANCED
IMAGE: Brigg Bunker DATE: 09/06/2022 ADDRESS: Benning Rd NE & 16th St NE MARKET: Washington, DC ASSET TYPE: Multifamily LENDER: District of Columbia Housing Finance Agency LANDLORD: Foulger-Pratt - Brigg Bunker & Enduring Affordable Housing Corporation LOAN AMOUNT: $101,000,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$101,000,000.00

Monthly NOI$673,333.33
Monthly Debt Service$638,388.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00