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
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