J.P. Morgan Chase Provides $75.6M Construction Loan For Multifamily Development On Butternut St NW In Washington, DC

1010 Butternut Street Northwest

MultiFamily

Financed 1 year ago

Summary

Loan

NATIONAL

MultiFamily

The property involved in this transaction is a multifamily asset located at 1010 Butternut St NW in Washington, DC. It consists of 344 units and spans across 66 acres.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $75,600,000
Address: 1010 Butternut St NW, Washington, DC
Market: Washington, DC
Lender: J.P. Morgan Chase
Landlord: Urban Atlantic and Triden Development Group
Loan Type: Construction loan

J.P. Morgan Chase provided a construction loan of $75,600,000 for the acquisition of this multifamily property at 1010 Butternut St NW. Urban Atlantic and Triden Development Group acted as the landlords in this deal.

Players

All
1

Lenders
1

J.P. Morgan Chase & Company

Details

Deal Summary

FINANCED

IMAGE: Jamie Dimon DATE: 06/14/2022 ADDRESS: 1010 Butternut St NW MARKET: Washington, DC ASSET TYPE: Multifamily ~ UNITS: 344 ~ ACRES: 66 LENDER: J.P. Morgan Chase LANDLORD: Urban Atlantic and Triden Development Group LOAN AMOUNT: $75,600,000 LOAN TYPE: Construction loan

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Address1010 Butternut Street Northwest

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