Updated Oct 29, 2024
Gaard Development Secures $10M Loan For Development Site On Eighth Avenue Northeast In Seattle
Northgate, Seattle
$10,000,000
Building Size
—
Asset Type
Development Site
Closing
Jun 7, 2023
About this deal
AI
An development site located at 11057 Eighth Avenue Northeast in Seattle, WA has recently been involved in a loan transaction. The loan was provided by Amazon.com Inc to Gaard Development in the amount of $10,000,000.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $10,000,000
- Lender: Amazon.com Inc
- Landlord: Gaard Development
- Address: 11057 Eighth Avenue Northeast, Seattle, WA
- Market: Seattle, WA
Amazon.com Inc acted as the lender in this transaction, providing a loan of $10,000,000 to Gaard Development, the landlord of the development site located at 11057 Eighth Avenue Northeast in Seattle, WA.
Players
Seattle Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93