Washington, DC

$17,200,000 First Mortgage

In December 2025, a $17.2 million first mortgage was provided to finance the purchase of a note secured by an office property known as The Lion Building, located at 1233 20th Street NW in Washington, DC. The eight-story CBD office asset totals approximately 157,000 square feet and was 78% occupied at closing. The business plan contemplates acquiring a non-performing loan and pursuing an uncontested non-judicial foreclosure, followed by repositioning and lease-up of space expected to be vacated by existing tenants.

The property is located in Washington, DC’s CBD/Golden Triangle submarket, minutes from the White House and Washington Monument.