Onni Group Secures $41.7 Million Loan From TD Bank For Seattle Mixed-Use Development

2301 7th Avenue is a mixed-use asset located in Seattle, WA. The property is involved in a construction loan of $41,700,000. The planned development encompasses a total of 1.36 million square feet, which will include office space, retail, residential units, and parking facilities.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $41,700,000
• Lender: TD Bank
• Landlord: Onni Group
• Project Scope: 315,823 square feet of office space, 9,521 square feet of retail, 661 residential units, and a 544-space underground garage
• Market: Seattle, WA
• Construction Type: Loan
• Project Cost: $358 million

Onni Group secured the financing from TD Bank for the Block V development in Seattle’s Denny Triangle. The project has recently moved forward with site-work approvals after experiencing construction delays.