Recent Transactions

Transactions

$27,120,000

Class B Office Building
Washington, DC

Procured a mezzanine loan for a 119,369 SF, Class B office building. The building was constructed in 1955 and substantially renovated in 1988. The property is encumbered with an unsubordinated ground lease, which expires in 2057. The D.C. Government leases the majority of the building at a substantially below market rent and has occupied the building since 1987.