Blackstone Provides $700M Loan For Multifamily Property In Seattle
112 Boren Avenue North, Seattle, Washington 98109, United States
$700,000,000
$30,434/SF
Building Size
23,000 SF
Asset Type
MultiFamily
Closing
Oct 31, 2022
AI
The multifamily property located at 112 Boren Ave North in Seattle, WA has been involved in a recent loan transaction. The property spans across 23,000 square feet and consists of 1,097 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $700,000,000
- Lender: blackstone''>Blackstone - Jimmy Yung
- Landlord: Onni Group
In this transaction, the loan amount for the property was $700,000,000. The lender, Blackstone, was represented by Jimmy Yung. The landlord of the property is the Onni Group.
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
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93