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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