The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Capital One Agents $132MM Construction Loan for MRP Realty
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Lenders/Participants
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Capital One [Administrative Agent]
Citizens Bank [Participant]
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Structure
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Construction Loan
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Amount
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$132.000
Million
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Borrower(s)
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MRP Realty
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Description
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Facility for the first phase of Bryant Street, a 488-unit mixed-use project in Washington, D.C, that includes 92,000 square feet of retail space. This is among the first projects that Capital One has financed in a designated opportunity zone and includes approximately $18 million in tax increment financing (TIF) grants from the District of Columbia. Capital One is holding $72 million, having syndicated the remainder to Citizens Bank.The variable rate loan has an initial term of four years, with two 12-month, interest-only extension options available upon satisfaction of specified conditions.
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Industry
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Real Estate
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Location
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DC
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| Related Tags |
Capital One, Citizens Bank
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ABL Advisor
Deal Tables
2024
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