Updated Dec 4, 2024
District Of Columbia Housing Finance Agency Allocates $51.3M For H.R. Crawford Gardens Senior Housing
737 50th Street Northeast
$51,300,000
Building Size
—
Asset Type
Senior Housing
Closing
Sep 15, 2023
About this deal
AI
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
- Property Type: Senior Housing
- Transaction Amount: $51,300,000
- Lender: District of Columbia Housing Finance Agency
- Landlord: Sasha-Gaye Angus - Manna Corporation & Mutreja Developer
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.
Players
Brooklyn Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93