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District Of Columbia Housing Finance Agency Allocates $51.3M For H.R. Crawford Gardens Senior Housing

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FINANCED
$51,300,000

District Of Columbia

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Senior Housing
Financed 09/15/2023
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FINANCED

District Of Columbia Housing Finance Agency Allocates $51.3M For H.R. Crawford Gardens Senior Housing

737 50th Street Northeast

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Senior Housing
Financed 09/15/2023
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Summary

Asset Type:Senior Housing
Transaction Type:Loan

H.R. Crawford Gardens, an affordable senior housing project located at 737 50th Street Northeast in Washington, D.C., has received a loan of $51.3 million from the District of Columbia Housing Finance Agency (DCHFA). The project is owned by Sasha-Gaye Angus, representing Manna Corporation and Mutreja Developer.

Summary of Transaction Details

The District of Columbia Housing Finance Agency (DCHFA) has allocated $51.3 million to support H.R. Crawford Gardens, an affordable senior housing project in Washington, D.C. This loan provides financial backing for the development and maintenance of the senior housing complex, ensuring its affordability and accessibility to the residents of the community.

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Details

FINANCED
IMAGE: Sasha-Gaye Angus DATE: 09/15/2023 ADDRESS: 737 50th Street Northeast MARKET: Washington, DC ASSET TYPE: Senior Housing LENDER: District of Columbia Housing Finance Agency LANDLORD: Sasha-Gaye Angus - Manna Corporation & Mutreja Developer LOAN AMOUNT: $51,300,000 NOTE: The District of Columbia Housing Finance Agency (DCHFA) has allocated $51.3 million to support H.R. Crawford Gardens, an affordable senior housing project in Washington, D.C.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$51,300,000.00

Monthly NOI$342,000.00
Monthly Debt Service$324,250.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00