RISE Properties Trust Secures $54.9M KeyBank Loan For Lynnwood Multifamily Property

The recent closed transaction in Lynnwood, WA involved a multifamily property located at 14611 Admiralty Way. This property consists of 164 units, making it a significant investment. RISE Properties Trust acted as the landlord in this transaction. KeyBank provided a loan amount of $54,880,000 for the recapitalization of this property.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $54,880,000
• Address: 14611 Admiralty Way
• Market: Lynnwood, WA
• Units: 164
• Lender: KeyBank
• Landlord: RISE Properties Trust
• Loan Type: Recapitalization

Key individuals and companies involved in this deal included RISE Properties Trust as the landlord and KeyBank as the lender. This transaction showcases the successful collaboration between the landlord, lender, and other parties involved in the recapitalization process of this multifamily property.