Updated Oct 28, 2024
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
$38,700,000
Units
272
Asset Type
MultiFamily
Closing
Sep 28, 2022
About this deal
AI
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.
On the Map
$38,700,000
MultiFamily
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Players
Washington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93