Lending Portfolio
Transaction Details
The Cathedral Heights Apartments will be a Class A, 5-story building offering 23 units for rent. Each unit will offer high-end finishes, including stainless steel appliances, dishwashers, and in-unit laundry. The project will also include the inter-site relocation and renovation of two historic homes. The historic homes will be fully renovated into luxury homes.
Deal Basics
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location
Washington, DC
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loan amount
$20 Million
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claim type
1st Lien
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loan type
Construction Loan
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property type
Residential