Daily limit: 0/10
Benedict Canyon Equities Acquires 152-Unit Multifamily Properties In Des Moines, WA With $22.33M Loan From JLL Real Estate Capital
FINANCED
$22,230,000
Washington
See Similar DealsMultiFamily
Financed 10/03/2023
FINANCED
Benedict Canyon Equities Acquires 152-Unit Multifamily Properties In Des Moines, WA With $22.33M Loan From JLL Real Estate Capital
1145 South 216th Street & 21620 14th Avenue South
See Similar DealsMultiFamily
Financed 10/03/2023
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Loan
A $22.33 million Freddie Mac financing has been provided by JLL Real Estate Capital to support Benedict Canyon Equities' acquisition of two apartment properties in Des Moines, Washington. The properties, located at 1145 South 216th Street and 21620 14th Avenue South, consist of a total of 152 units and were purchased for $34.33 million.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $22,330,000
- Units: 152
- Market: Des Moines, WA
In this acquisition deal, JLL Real Estate Capital acted as the lender, providing the necessary financing. The landlord, Jim Rosten of Benedict Canyon Equities, facilitated the transaction. This loan was specifically secured for the acquisition of the two apartment properties, allowing the buyer to complete the purchase and strengthen their portfolio in the Des Moines market.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$22,230,000.00
Monthly NOI$148,200.00
Monthly Debt Service$140,508.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions