Washington DC + Finance | November 19, 2020

Berkadia Secures $250M Refinancing for D.C. Apartment Complex

Berkadia has secured a $250 million Freddie Mac loan to refinance Meridian at Mt. Vernon Triangle, a 783-unit apartment complex in Washington D.C.

Located at 425 L St. NW, the 14-story property is one mile east of downtown Washington D.C. and consists of studio, one- and two-bedroom floor plans, which feature full-size washers and dryers as well as a rooftop pool and an outdoor lounge and grilling area.

Tyler Blue and Paul Wallace of Berkadia originated the loan on behalf of the borrower, who was not disclosed. Terms of the loan included 10 years of interest-only payments.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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