NewPoint Real Estate Capital Provides $86.6M Floating-Rate Loan For Burien Multifamily Property

The multifamily property located at 14001 Ambaum Blvd SW in Burien, WA has recently been involved in a closed transaction. The property, owned by Harbor Group International and represented by Greg Heller, attracted the attention of NewPoint Real Estate Capital, with Geri Borger Urgo acting as their representative. The transaction involved a Freddie Mac floating-rate loan with a total amount of $86,600,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $86,600,000
• Lender: NewPoint Real Estate Capital - Geri Borger Urgo
• Landlord: Harbor Group International - Greg Heller
• Loan Type: Freddie Mac floating-rate loan

This deal showcases the collaboration between NewPoint Real Estate Capital and Harbor Group International, with Geri Borger Urgo and Greg Heller serving as representatives in the transaction. The use of a Freddie Mac floating-rate loan indicates the financial strategy employed in this multifamily property acquisition.