Meridian Capital Group has arranged a USD 50 million refinancing for Langston Views, a 671-unit multifamily complex in Washington, DC, on behalf of Clear Investment Group, a Chicago-based investment manager and real asset operator.
The Meridian team looking after the refinancing assignment included Zev Karpel, David Shahar, Gershon Friedman, Yehuda Rubelow and Carole Geffen. The deal represents a significant return of equity to the sponsor, underscoring investor confidence in the asset’s trajectory as it moves through a planned lease-up phase.
The loan was provided by NewBridge Lending, a private credit firm that partnered with Meridian to design a bridge-to-agency programme offering loans up to 30 months in duration. Meridian brokers are able to offer the NewBridge product to qualified borrowers who may not be well served with other products currently available in the market.
Langston Views consists of two residential towers of 12 stories and multiple garden-style buildings, constructed in 1966. The property encompasses 684,230 square feet of net rentable area across 671 residential units and two ground-floor retail spaces, with a gross building area of 872,448 square feet situated on 10.18 acres. The complex is approximately 85% occupied and is being aggressively leased up in line with business plan expectations.
Clear Investment Group acquired Langston Views from foreclosure in December 2024 and has since executed a comprehensive repositioning strategy encompassing physical renovations, operational upgrades, and a full rebrand. Improvements to common areas, unit interiors, and security, including 24/7 on-site personnel, a modern fob entry system, a swimming pool, and a community room, creating a safer, more welcoming environment that drives resident satisfaction and leasing momentum.
“Our focus from day one has been on creating a community where residents feel valued and proud to call home. This refinancing validates the progress we’ve made and positions us to continue delivering on our vision for a best-in-class workforce housing community,” said Clear’s CEO Amy Rubenstein.