WASHINGTON D.C. – November 13, 2020 – Berkadia announces it has secured a $250 million loan for the refinance of Meridian at Mt. Vernon Triangle, a 783-unit high-rise multifamily property located in Washington, D.C. Freddie Mac provided the borrower with a 10-year interest only loan.
Located at 425 L St. NW, Meridian at Mt. Vernon Triangle features studio, one- and two-bedroom floor plans with full-size washers and dryers in each unit. Community amenities include underground parking, a fitness center, a rooftop swimming pool and a sundeck, along with a skybridge to an outdoor lounge, grilling area and fire pits. Residents are afforded convenient access to Interstate 395 and are within walking distance to Mt. Vernon Square, Gallery Place and Judiciary Square Metro Stations.
The Berkadia team was led by J. Tyler Blue, Paul Wallace, Robbie Driscoll and Pat Cunningham of Berkadia’s D.C. Metro office.