Real Estate Developments

Rainer Manor Phase Ii

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Description

Rainer Manor Phase Ii is a 57 unit LIHTC property located in Mount Rainier, DC. The site was placed in service in 2017 after New Construction by the ownership team.

Project Details

Type

Multi-Family

Status

Completed

Address

3201 Buchanan Street

City

Mount Rainier

State

DC

Zipcode

20712

Construction

New Construction

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Number of units for rent

Number of units for sale

Number of affordable housing units

57

LEED Designation

Project Cost

Parking Spaces

Zoning

Hotel Rooms

Retail Space

Office Space

Square Footage

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Highest Rent Price

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Housing Rental Price Range:

Housing Sales Price Range:

# of Residential Units in Progress:

Hotels Rooms in Progress:

Office Space in Progress:

Retail Space in Progress:

Closest Metro Station:

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          Project Financier(s):

          Type of Loan:

          40 Years

          Interest Rate:

          4.25

          Original Loan Amount:

          $6,543,600.00

          Loan Category:

          221(d)(4) Mkt. Rate Mod Inc/ Disp Fams

          Final Endorsement Date:

          11-21-2017

          First Payment Date:

          07-01-2017

          Maturity Date:

          06-01-2057

          Tax Exempt Bond:

          Yes

          Finance Year:

          2017