Updated Oct 28, 2024
Broadmark Realty Capital Secures $57M Construction Financing For Bellevue Multifamily
12855 Coal Creek Parkway Southeast, Bellevue, Washington 98006, United States
$57,000,000
Units
58
Asset Type
MultiFamily
Closing
Jun 13, 2022
About this deal
AI
A multifamily property located at 12855 Coal Creek Pkwy SE in Bellevue, WA has recently undergone a closed loan transaction. The property consists of 58 units and is owned by Broadmark Realty Capital.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $57,000,000
- Loan Type: Construction financing
The loan for this transaction was provided by Basel Capital, specifically by Mike Incrocci and Dr. George Li. They facilitated the construction financing required for the purchase of this multifamily property.
The multifamily loan at 12855 Coal Creek Parkway Southeast, Bellevue, Washington 98006, United States in Bellevue, Washington financed for $57M in 2022. 12855 Coal Creek Parkway Southeast, Bellevue, Washington 98006, United States is classified as Multifamily on Traded. This page is the Bellevue, Washington file for the 12855 Coal Creek Parkway Southeast, Bellevue, Washington 98006, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Bellevue sit in the Market section below. Filter that Bellevue multifamily set by closing date to see what else financed near 12855 Coal Creek Parkway Southeast, Bellevue, Washington 98006, United States around 2022. Published consideration for 12855 Coal Creek Parkway Southeast, Bellevue, Washington 98006, United States is $57M, dated 2022. Cite this Broadmark Realty Capital Secures $57M Construction Financing For Bellevue Multifamily loan when underwriting similar multifamily product around Bellevue, Washington.
Players
Bellevue MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93