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110 Roy Street

Low Tide Properties Secures $53 Million Refinance Loan For 167-Unit Multifamily In Seattle
FINANCEDMultiFamily

Low Tide Properties Secures $53 Million Refinance Loan For 167-Unit Multifamily In Seattle

110 Roy Street

$53,000,000

Building Size

Asset Type

MultiFamily

Closing

Apr 21, 2026

AI

110 Roy Street is a multifamily asset located in Seattle, WA, featuring 167 apartment units. The property was refinanced for a total loan amount of $53,000,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $53,000,000
  • Loan Type: Refinance
  • Lender: Northwestern Mutual
  • Landlord: Low Tide Properties
  • Brokers: Dave Karson, Chris Moyer, Alex Lapidus Okin & Zarif Hasan - Cushman & Wakefield
  • Date: 04/21/2026
  • Address: 110 Roy Street
  • Market: Seattle, WA
  • Units: 167

Cushman & Wakefield arranged the refinancing on behalf of Low Tide Properties, focusing on securing favorable terms for the 167-unit apartment building situated in Seattle’s Queen Anne neighborhood.

Players

Alex Lapidus Okin

Cushman & Wakefield

Broker

$7.8B

vol

29 deals

Broker
Northwestern Mutual
Northwestern Mutual Lender

Seattle MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.30%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93