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
MultiFamily
Financed 220 days ago
Summary
Loan
WASHINGTON
MultiFamily
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
All
1
Lenders
1
Details
FINANCED
IMAGE: Jim Rosten
DATE: 10/03/2023
ADDRESS: 1145 South 216th Street & 21620 14th Avenue South
MARKET: Des Moines, WA
ASSET TYPE: Multifamily ~ UNITS: 152
LENDER: JLL Real Estate Capital
LANDLORD: Jim Rosten - Benedict Canyon Equities
LOAN AMOUNT: $22,330,000
LOAN TYPE: Acquisition
NOTE: JLL Real Estate Capital has provided $22.33 million in Freddie Mac financing to support Benedict Canyon Equities' acquisition of two apartment properties in Des Moines, Washington, totaling 152 units at a purchase price of $34.33 million.View on map
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Address1145 South 216th Street & 21620 14th Avenue South
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