CBRE Arranges $196.2M Construction Financing For Mixed-Use Property On 12th Ave NE In Seattle
FINANCED
$196,200,000
+ 8
Washington
See Similar DealsMixed-use400,000 SF
Financed 07/26/2022
FINANCED
CBRE Arranges $196.2M Construction Financing For Mixed-Use Property On 12th Ave NE In Seattle
4530 12th Avenue Northeast, Seattle, Washington 98155, United States
See Similar DealsMixed-use400,000 SF
Financed 07/26/2022
+ 8
Summary
WASHINGTON
Asset Type:Mixed-use
Price Per Square Foot:$490
Total Square Footage:400,000 SF
Transaction Type:Loan
The property involved in this closed loan transaction is a mixed-use asset located at 4530 12th Ave NE in Seattle, WA. The property spans approximately 400,000 square feet.
Summary of transaction details
- Property Type: Mixed use
- Transaction Amount: $196,200,000
- Address: 4530 12th Ave NE, Seattle, WA
- Market: Seattle, WA
- Brokers: Tom Pehl, Charles Safley, Todd Tydlaska, James Scott, Brian Myers, Brad Zampa, Mike Walker, Megan Woodring, Greg Inglin, David Abbott, Laura Ford - CBRE
- Loan Type: Construction financing
Tom Pehl, Charles Safley, Todd Tydlaska, James Scott, Brian Myers, Brad Zampa, Mike Walker, Megan Woodring, Greg Inglin, David Abbott, Laura Ford represented CBRE in this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$196,200,000.00
Monthly NOI$1,308,000.00
Monthly Debt Service$1,240,117.46
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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