City First Bank Provides $17M Loan For School On Vermont Avenue In Washington, DC

The property involved in this transaction is a school located at 1923 Vermont Avenue in Washington, DC. The total loan amount for this deal is $17,000,000, provided by City First Bank. The landlord in this transaction is Community Three Development. Clearwater Capital Management acted as the broker representing the parties involved in this loan deal.

Summary of transaction details:

• Property Type: School
• Transaction Amount: $17,000,000
• Lender: City First Bank
• Landlord: Community Three Development
• Broker: Clearwater Capital Management

This transaction highlights the collaboration between the parties involved in securing a loan for the school property at 1923 Vermont Avenue. City First Bank provided the necessary funds, while Community Three Development acted as the landlord. Clearwater Capital Management facilitated the deal as the broker. The successful negotiation of this loan demonstrates the confidence in the value and potential of this school property in Washington, DC.