Merchants Capital Secures $141 Million for Development in Washington, DC

Merchants Capital announced it recently secured more than $141 million in financing for Waterfront Station II, a multifamily, mixed-income and mixed-use property currently under construction in the Southwest neighborhood of Washington, DC. The community is a joint venture between the for-profit Hoffman & Associates, not-for-profit affordable developer AHC Inc., City Partners and Paramount Development. 

“Serving as the financier for this new-build construction project showcases Merchants’ ability to facilitate a complex transaction from conception to close,” said Marsha Goff, executive vice president of Merchants Capital’s Saint Paul office.