WASHINGTON, DC--Eastern Union Funding secured a 10-year loan for a luxury rental that covers 80% of the acquisition cost and construction financing.
WASHINGTON, DC--Eastern Union Funding helped get the The Violet, a 20-unit rental building to be developed at 1515 Rhode Island Ave., NE, off the ground by securing a rare long-term debt package for the project.
The Jocelyn Group is developing the site into a luxury rental where the asking rents for the 1,100-square foot units will start at $2,400 per month.
WASHINGTON, DC--Eastern Union Funding secured a 10-year loan for a luxury rental that covers 80% of the acquisition cost and construction financing.
WASHINGTON, DC--Eastern Union Funding helped get the The Violet, a 20-unit rental building to be developed at 1515 Rhode Island Ave., NE, off the ground by securing a rare long-term debt package for the project.
The Jocelyn Group is developing the site into a luxury rental where the asking rents for the 1,100-square foot units will start at $2,400 per month.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
