$10m deal on DC condos.Wrightwood Capital has provided $10,700,717 to finance the acquisition and conversion of a sixty-six unit apartment building in Washington, D.C. Constructed in 1964, Longfellow Condominiums has more than 42,180 s/f.. "The location of this project makes it appealing in Washington, D.C.," commented Crae Ramsey, director of investments in Wrightwood Capital's Washington, D.C. office. "Longfellow Condominiums has the competitive advantage of being located by Georgia Avenue Georgia Avenue is a major north-south artery in Northwest Washington, D.C. and Montgomery County, Maryland. Within the District of Columbia, Georgia Avenue is also U.S. Route 29. Both Howard University and Walter Reed Army Medical Center are on Georgia Avenue. , a main thoroughfare THOROUGHFARE. A street or way so open that one can go through and get out of it without returning. It differs from a cul de sac, (q.v.) which is open only at one end. 2. Whether a street which is not a thoroughfare is a highway, seems not fully settled. between Washington, D.C. and the Maryland suburb, Silver Spring, and is easily accessible to public transportation. "The Washington area condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. market will continue to be supported by the area's job growth, demand for urban living, and lack of available infill in·fill n. 1. The use of vacant land and property within a built-up area for further construction or development, especially as part of a neighborhood preservation or limited growth program. 2. sites." This represents the first transaction between the sponsor, Congressional Realty Group, and Wrightwood Capital. The opportunity was brought to Wrightwood Capital by Chris Carroll of Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. Financial. |
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