Project Embassy
A mixed-use property in Washington, District of Columbia. Securitized in 1 CMBS deal in 2026.
$254.0MAppraised value (latest deal)
98.3%Occupancy
$16.3MUnderwritten NOI
6.4%Implied cap rate
- Address
- 700 Pennsylvania Avenue Southeast & 777 C Street Southeast, Washington, DC 20003
- Property type
- Mixed Use · Multifamily / Office / Retail
- Year built
- 2017
- Size
- 375,456 SF
- Sponsor
- EastBanc, Inc.
- Loan purpose
- Refinance
- Largest tenant
- The Yard
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BBCMS 2026-5C43 | 2026-10-14 | $254.0M | 98.3% | $16.3M | 6.4% | $30.0M | 63.0% | 1.31x | 424B |
Historical NOI reported in BBCMS 2026-5C43
| Period ending | NOI |
|---|---|
| 5/31/2026 | $15.3M |
| 12/31/2025 | $15.6M |
| 12/31/2024 | $15.5M |
More CMBS properties in District of Columbia →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.