Madison Realty Capital Provides $32M Loan For Mixed-Use Property In Seattle
FINANCED
$32,000,000
Washington
See Similar DealsMixed-use
Financed 10/13/2022
FINANCED
Madison Realty Capital Provides $32M Loan For Mixed-Use Property In Seattle
1208 Pine Street, Seattle, Washington 98101, United States
See Similar DealsMixed-use
Financed 10/13/2022
Summary
WASHINGTON
Asset Type:Mixed-use
Transaction Type:Loan
Located at 1208 Pine Street in Seattle, WA, this mixed-use property is the subject of a recent closed transaction. The property consists of 95 units and is owned by Vibrant Cities, represented by Ming Fung.
Summary of transaction details
- Property Type: Mixed-use
- Loan Amount: $32,000,000
- Lender: Madison Realty Capital - Josh Zegen
- Landlord: Vibrant Cities - Ming Fung
The loan for this transaction was provided by Madison Realty Capital, with Josh Zegen leading the deal. The loan amount was $32,000,000. The property's landlord, Vibrant Cities, was represented by Ming Fung.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$32,000,000.00
Monthly NOI$213,333.33
Monthly Debt Service$202,261.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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