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ACRES Capital Provides $12.85M Loan For Office Building At 1010 Vermont Avenue NW, Washington, D.C

1500 K Street Northwest #100
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This Office property located in District of Columbia received a loan of $82,100,000 over 1 year ago. The broker of the deal was Nicholas (Nick) Seidenberg

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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Deals
  • Location
    1500 K Street Northwest, Washington, District of Columbia 20005, United States1500 K Street Northwest, Washington, District of Columbia 20005, United States
  • Loan Value
    $82,100,000$82,100,000
  • Asset Type
    OfficeOffice
  • Parties
    1 Broker, 1 Agency, 1 Lender1 Broker, 1 Agency, 1 Lender

Agent

Nicholas (Nick) Seidenberg

Nicholas (Nick) Seidenberg

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Financed$175M

Agency

Eastdil Secured

Eastdil Secured

Agency
Deals187
Volume$58.2B

Helaba

Helaba

Lender
Deals18
Volume$ 160.5B

Deal Summary

LOAN IMAGE: Drew Miller & Lindsay Stroud DATE: 10/24/2022 ADDRESS: 1010 Vermont Avenue NW MARKET: Washington, D.C ASSET TYPE: Office ~ SF: 4,081 LENDER: ACRES Capital - Drew Miller LANDLORD: Altus Realty BROKERS: Lindsay Stroud - Savills LOAN AMOUNT: $12,850,000

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1500 K Street Northwest #100

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