Steinhauer Properties Secures $107 Million Refinance Loan For Mixed-Use Property In Seattle

A Steinhauer Properties affiliate secured a $107 million refinance loan for a 717,700-square-foot mixed-use property located at 255 South King Street in Seattle, Washington. The asset encompasses a 209,500-square-foot office tower, a 282-room Hilton Embassy Suites hotel, retail space, and various amenities.

Summary of transation details:

• Property Type: Mixed-use
• Transaction Amount: $107,000,000
• Loan Type: Refinance
• Address: 255 South King Street
• Market: Seattle, WA
• Asset Size: 717,700 SF
• Units: 282
• Lender: Ardent Capital Management
• Landlord: Steinhauer Properties
• Broker: Cushman & Wakefield

Cushman & Wakefield arranged the financing for this deal, while Stoneway Capital originated the loan for Ardent Capital Management. This transaction reflects the interest of investors returning to high-quality office and hospitality assets in Seattle.