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Berkadia Secures $9.5M Refinancing for Bonsai Apartments in Washington, D.C.
Berkadia has arranged $9.5 million in refinancing for Bonsai Apartments, a recently completed 41-unit boutique multifamily property located in the H Street Corridor of Washington, D.C.
The financing was secured by Berkadia’s Senior Managing Director Mitch Sinberg and Managing Directors Matt Robbins, Scott Wadler, and Brad Williamson from the firm’s Boca Raton and Miami offices, in collaboration with Brian Gould, Managing Director of Berkadia’s DC Metro office. The loan was provided by Revere Capital and consists of a two-year floating-rate loan with two one-year extension options.
Bonsai Apartments, completed in 2024 and located at 1214 Bladensburg Road, offers a selection of studio, one-, and two-bedroom floor plans ranging from 442 to 940 square feet. The four-story community features Japanese-inspired finishes and bright, light-filled interiors, highlighting its modern, upscale design.
Strategically located less than three miles from downtown Washington, D.C. and Capitol Hill, and approximately five miles from Reagan National Airport, the property provides convenient access to major employment hubs, transportation routes, and regional connectivity.
The borrower, July Residential, positioned the asset to capitalize on the neighborhood’s continued growth and demand for high-quality multifamily living options in the nation’s capital.
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