ACRES Capital Provides $12.85M Loan For Office Building At 1010 Vermont Avenue NW, Washington, D.C
FINANCED
$82,100,000
District Of Columbia
See Similar DealsOffice262,190 SF
Financed 08/22/2022
FINANCED
ACRES Capital Provides $12.85M Loan For Office Building At 1010 Vermont Avenue NW, Washington, D.C
1500 K Street Northwest, Washington, District Of Columbia 20005, United States
See Similar DealsOffice262,190 SF
Financed 08/22/2022
Summary
Asset Type:Office
Price Per Square Foot:$313
Total Square Footage:262,190 SF
Transaction Type:Loan
The office property located at 1010 Vermont Avenue NW in Washington, D.C has recently undergone a closed transaction involving a loan.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $12,850,000
- Square Footage: 4,081 SF
- Address: 1010 Vermont Avenue NW, Washington, D.C
- Market: Washington, D.C
The loan for this property was provided by ACRES Capital, with Drew Miller representing the lender. Altus Realty serves as the landlord for this office space. The brokers involved in this transaction were Lindsay Stroud from Savills.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$82,100,000.00
Monthly NOI$547,333.33
Monthly Debt Service$518,927.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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