Updated Oct 28, 2024
District Of Columbia Housing Finance Agency Provides $30M Loan For Multifamily Property On Georgia Ave NW
7434 Georgia Avenue Northwest, Washington, District Of Columbia 20012, United States
$30,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 11, 2022
About this deal
AI
The multifamily property located at 7428-7434 Georgia Ave NW in Washington, DC has been involved in a recent loan transaction. The lender, District of Columbia Housing Finance Agency, provided a loan amount of $30,000,000. The property is owned by the 7428-7434 Georgia Avenue Tenants Association.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $30,000,000
- Address: 7428-7434 Georgia Ave NW, Washington, DC
- Market: Washington, DC
- Lender: District of Columbia Housing Finance Agency
- Landlord: 7428-7434 Georgia Avenue Tenants Association
The loan transaction involving the multifamily property at 7428-7434 Georgia Ave NW was facilitated by the District of Columbia Housing Finance Agency as the lender. The property is owned by the 7428-7434 Georgia Avenue Tenants Association, who acted as the landlord in this deal.
On the Map
$30,000,000
MultiFamily
View full map
Players
Washington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93