Updated Oct 28, 2024
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
About this deal
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.
The multifamily loan at 112 Boren Avenue North, Seattle, Washington 98109, United States in Seattle, Washington financed for $700M in 2022. Reported inventory is 23,000 square feet across 1097 units, or about 30.4K per square foot. This page is the Seattle, Washington file for the 112 Boren Avenue North, Seattle, Washington 98109, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Seattle sit in the Market section below. Filter that Seattle multifamily set by closing date to see what else financed near 112 Boren Avenue North, Seattle, Washington 98109, United States around 2022. Published consideration for 112 Boren Avenue North, Seattle, Washington 98109, United States is $700M, dated 2022. Cite this Blackstone Provides $700M Loan For Multifamily Property In Seattle loan when underwriting similar multifamily product around Seattle, Washington.
Players
Seattle MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse Washington multifamily loans on Traded.
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