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18414 104th Avenue Northeast

Updated May 12, 2025

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

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

18414 104th Avenue Northeast

$19,000,000

Units

115

Asset Type

MultiFamily

Closing

Apr 24, 2025

About this deal

AI

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.

On the Map

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$19,000,000

MultiFamily

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Players

Seth Heikkila

JLL

Broker

$369.9M

vol

6 deals

Broker
Fannie Mae
Fannie MaeLender
MainStreet Property Group
MainStreet Property GroupLandlord

Bothell MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $165.2K per unit across 115 units on a published $19M (2025).

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Browse Bothell multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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