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JLL Secures $19 Million Refinancing Loan For MainStreet Property Group's Bothell Multifamily Community

Property Image
FINANCED
$19,000,000
Seth Heikkila
Bill Maloney

Washington

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MultiFamily
Financed 04/24/2025
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Property Image
FINANCED

JLL Secures $19 Million Refinancing Loan For MainStreet Property Group's Bothell Multifamily Community

18414 104th Avenue Northeast

See Similar Deals
MultiFamily
Financed 04/24/2025
Seth Heikkila
Bill Maloney
the dealplayerscompscontact
Contact now

Summary

WASHINGTON
Asset Type:MultiFamily
Transaction Type:Loan

MainStreet Property Group's multifamily community, The 104, located at 18414 104th Avenue Northeast in Bothell, WA, consists of 115 apartments. The property has been refinanced with a loan amount of $19,000,000 secured via Fannie Mae.

Summary of transation details:

JLL Capital Markets facilitated the refinancing loan for MainStreet Property Group, highlighting the company's involvement in securing favorable terms for the multifamily community. The transaction underscores the collaboration between the broker representatives and the lender to achieve successful financing for the property.

Players

Seth Heikkila
JLL
Seth Heikkila
6 deals$369.9M volume(206) 607-1732
BROKER
Bill Maloney
JLL
Bill Maloney
1 deal$19M volume
BROKER
Fannie Mae
Fannie Mae
LENDER

Details

FINANCED
IMAGE: 04/24/2025 ADDRESS: 18414 104th Avenue Northeast MARKET: Bothell, WA ASSET TYPE: MultiFamily ~ UNITS: 115 LENDER: Fannie Mae LANDLORD: MainStreet Property Group BROKERS: Bill Maloney & Seth Heikkila - JLL LOAN AMOUNT: $19,000,000 LOAN TYPE: Refinance NOTE: JLL Capital Markets has secured a $19 million refinancing loan for MainStreet Property Group's multifamily community, The 104, in Bothell, facilitated through Fannie Mae. The property offers 115 apartments with modern amenities and community facilities, located at 18414 104th Ave. NE.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$19,000,000.00

Monthly NOI$126,666.67
Monthly Debt Service$120,092.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00