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District Of Columbia Housing Finance Agency Provides $38.7M Rehabilitation Loan For Multifamily Property In Washington, DC

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FINANCED
$38,700,000

District Of Columbia

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MultiFamily
Financed 09/29/2022
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Property Image
FINANCED

District Of Columbia Housing Finance Agency Provides $38.7M Rehabilitation Loan For Multifamily Property In Washington, DC

2000 Ridgecrest Court Southeast, Washington, District Of Columbia 20020, United States

See Similar Deals
MultiFamily
Financed 09/29/2022
the dealplayerscompscontact
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Summary

Asset Type:MultiFamily
Transaction Type:Loan

The property asset involved in this transaction is a multifamily located at 2000 Ridgecrest Court SE in Washington, DC. The property consists of 272 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $38,700,000
  • Address: 2000 Ridgecrest Court SE, Washington, DC
  • Market: Washington, DC

The lender for this transaction is the District of Columbia Housing Finance Agency, represented by Christopher E. Donald. The loan amount provided for this transaction is $38,700,000. The loan type is rehabilitation. The landlord for the property is NHP Foundation.

Players

District of Columbia Housing Finance Agency
District of Columbia Housing Finance Agency
LENDER
NF
NHP Foundation
LANDLORD

Details

FINANCED
IMAGE: 09/29/2022 ADDRESS: 2000 Ridgecrest Court SE MARKET: Washington, DC ASSET TYPE: Multifamily ~ UNIT: 272 LENDER: District of Columbia Housing Finance Agency - Christopher E. Donald LANDLORD: NHP Foundation LOAN AMOUNT: $38,700,000 LOAN TYPE: Rehabilitation

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$38,700,000.00

Monthly NOI$258,000.00
Monthly Debt Service$244,610.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00