Portfolio
Sage Capital Advisors, LLC
Joint Venture Equity & Construction Financing
Eckington Yards – Residential/Retail
Mr. Duffy managed the marketing process and selected LCOR as the most logical partner for his client with respect to the development of this large scale project.
Eckington Yards is a transformative mixed-use development project located in the epicenter of the most active and high growth submarkets in Washington, DC. The project consists of 457 multi-family “for rent” units, 179 condominium “for sale” units, 45 “for sale” city houses, and 72,000 square feet of placemaking retail space.
This project is well underway and nearing completion.
Overview
Property Type
Mixed-Use Development
Property Size
712,000 SQFT
includes 90,000 SQFT Retail
includes 90,000 SQFT Retail
Deal Type
Joint Venture Equity
Deal Size
Project Capitilization:
$271,100,000
Equity Placement(50%):
$53,000,000
DEBT Placement(65%):
$176,000,000
$271,100,000
Equity Placement(50%):
$53,000,000
DEBT Placement(65%):
$176,000,000
Client
JBG Smith
New Partner
LCOR