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314 Bell Street, Seattle, W...

Bank OZK Provides $115.3M Construction Financing For Mixed-use Property At 314 Bell St, Seattle
FINANCEDMixed-use

Bank OZK Provides $115.3M Construction Financing For Mixed-use Property At 314 Bell St, Seattle

314 Bell Street, Seattle, Washington 98121, United States

$115,250,000

Building Size

Asset Type

Mixed-use

Closing

Jun 15, 2022

AI

The mixed-use property located at 314 Bell St in Seattle, WA has recently undergone a closed transaction. The property was involved in a construction financing deal, with a loan amount of $115,250,000 provided by Bank OZK. The landlord of the property is Security Properties Inc. The deal was facilitated by brokers Dave Karson, Chris Moyer, Alex Lapidus, and Meredith Donovan from Cushman & Wakefield.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $115,250,000
  • Lender: Bank OZK
  • Landlord: Security Properties Inc.
  • Brokers: Dave Karson, Chris Moyer, Alex Lapidus, and Meredith Donovan - Cushman & Wakefield

The deal involved securing construction financing for the mixed-use property. The specific details of the construction project, such as the purpose and scope, were not disclosed in the provided information.

Players

Alex Lapidus Okin

Cushman & Wakefield

Broker

$7.8B

vol

29 deals

Broker
SI
Security Properties Inc.Landlord

Seattle 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

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93