Updated Oct 28, 2024
Mirror Lake Village LLC Refinances Senior Housing In Federal Way, WA For $29.6M
31000 9th Pl SW, Federal Way, Washington 98023, United States
$29,600,000
Building Size
—
Asset Type
—
Closing
Jul 25, 2022
About this deal
AI
The senior housing property located at 31000 9th Pl SW in Federal Way, WA has undergone a loan refinance. The loan amount for this transaction was $29,600,000. The property, owned by Mirror Lake Village LLC, was refinanced to secure new financing terms.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $29,600,000
- Market: Federal Way, WA
- Landlord: Mirror Lake Village LLC
- Broker: Alanna Ellis - JLL Capital Markets
Alanna Ellis from JLL Capital Markets represented the parties involved in this loan refinance for the senior housing property at 31000 9th Pl SW in Federal Way. The transaction aimed to secure more favorable loan terms to benefit the property and the owner, Mirror Lake Village LLC.
On the Map
$29,600,000
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93