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2000 Ridgecrest Court South...

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

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

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.

Players

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

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