WASHINGTON D.C. – Ocean West Capital Partners and Hana Alternative Asset Management have obtained $275 million in financing for 300 E. St. SW., which serves as NASA's Washington D.C. headquarters.
With the financing, the partnership has recapitalized its equity interest in the property and monetized its lease with NASA, which is currently the sixth largest GSA lease in the country.
The proceeds provide the owners with attractive fixed-rate pricing on debt, which is to be repaid on an interest-only basis until the loan's 2028 maturity date, which coincides with NASA's lease.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
