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814 102nd Ave NE, Bellevue,...

Silverstein Capital Partners Provides $700M Loan For Bellevue Mixed-Use Development
FINANCEDMixed-use

Silverstein Capital Partners Provides $700M Loan For Bellevue Mixed-Use Development

814 102nd Ave NE, Bellevue, WA, USA

$700,000,000

$636/SF

Building Size

1,100,000 SF

Asset Type

Mixed-use

Closing

Apr 20, 2021

AI

Located at 814 102nd Ave. NE in Bellevue, Washington, this mixed-use property recently closed a significant deal. The transaction involved a loan amount of $700,000,000, making it a substantial investment. The property spans an impressive 1,100,000 square feet and includes 365 units, showcasing its expansive nature. The property's address in the thriving market of Bellevue adds to its appeal and potential.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $700,000,000
  • Square Footage: 1,100,000
  • Number of Units: 365
  • Market: Bellevue, Washington

The loan for this transaction was provided by Silverstein Capital Partners, with Marty Burger representing the lending company. Andy Lakha, the landlord from Fortress Development, facilitated the deal. Acting as brokers in this transaction were Dave Karson, Chris Moyer, and Emily Johansen from Cushman & Wakefield. Their expertise and involvement were instrumental in navigating this substantial deal.

Players

Chris Moyer

Cushman & Wakefield

Broker

$3.2B

vol

21 deals

Broker
Fortress Investment Group
Fortress Investment GroupLender
Fortress Investment Group
Fortress Investment GroupLandlord

Bellevue 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

0.02%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93