Company Release – 5/7/2021
Bethesda, MD – Boundary Companies, a private real estate investment firm, announced the refinancing of 900 Rhode Island Ave NE, a mixed-use building located in the Brookland neighborhood of Northeast Washington, D.C. The 33,350 SF building is 100% leased to a variety of tenants. The 1-acre site is zoned MU-6 and supports up to 315,000 SF of mixed-use density as a matter-of-right.
EagleBank provided the $11.4 million loan for the property. “EagleBank is a great partner, and we appreciate their streamlined approach,” stated Ryan Fowler, Partner at the Boundary Companies.
Boundary purchased 900 Rhode Island Ave NE in July of 2018.
About Boundary Companies
Boundary Companies, founded in 2014, is a privately held real estate investment firm based in Bethesda, Maryland. Boundary focuses on real estate acquisition and development across a wide variety of asset classes with a goal of meeting the highest needs of its stakeholders. Boundary’s portfolio totals over five million square feet and spans a range of core, value-add, and opportunistic investment profiles. To learn more about Boundary Companies, visit http://boundarycompanies.com/.