Updated Oct 14, 2025
Evergreen Ventures Secures $22.95 Million Freddie Mac Loan For Viva Apartments Acquisition In Seattle
1111 East Union Street
$22,950,000
Units
105
Asset Type
MultiFamily
Closing
Oct 10, 2025
About this deal
AI
The asset involved in the transaction is a 105-unit multifamily property located at 1111 East Union Street in Seattle, WA. The total acquisition price for the property is $36.8 million. A loan amounting to $22,950,000 was secured for this acquisition through Freddie Mac.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $36,800,000
- Loan Amount: $22,950,000
- Loan Type: Acquisition
- Market: Seattle, WA
- Lender: Freddie Mac
- Landlord: Evergreen Ventures
- Units: 105
JLL Capital Markets was responsible for arranging the Freddie Mac loan for the transaction, representing Evergreen Ventures in the process of acquiring the property. This deal highlights the involvement of key financial institutions and brokerage firms in facilitating significant real estate transactions.
On the Map
$22,950,000
MultiFamily
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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
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93