Updated Oct 28, 2024
Madison Realty Capital Provides $95M Construction Loan For Mixed-Use Property In Bellevue, Wash
10232 Northeast 10th Street, Bellevue, WA, USA
$95,000,000
$22,021/SF
Building Size
4,314 SF
Asset Type
Mixed-use
Closing
Oct 14, 2021
About this deal
AI
10232 Northeast 10th Street in Bellevue, Wash., was the site of a recent closed property transaction. The property is a mixed-use development comprising 138 units. The deal involved Create World Real Estate acting as the landlord.
Summary of Transaction Details
- Property Type: Mixed-Use
- Address: 10232 Northeast 10th Street
- Market: Bellevue, Wash.
- Units: 138
The loan for this transaction was provided by Madison Realty Capital, with Josh Zegen representing the lender. The loan amount was $95,000,000, and it was a construction loan.
Please note that no additional details were available regarding this closed property transaction.
Players
Bellevue Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93