facebook
Traded Co logo
Submit

Low Tide Properties & Continental Properties Refinance Multifamily Property In Bellevue, WA With $60M Loan From Northwestern Mutual

Property Image
FINANCED
$60,000,000
Dave Karson
Meredith Donovan
Chris Moyer
+ 2

Washington

See Similar Deals
MultiFamily
Financed
the dealplayerscompscontact
Property Image
FINANCED

Low Tide Properties & Continental Properties Refinance Multifamily Property In Bellevue, WA With $60M Loan From Northwestern Mutual

1515 Bellevue Way Northeast, Bellevue, Washington 98004, United States

See Similar Deals
MultiFamily
Financed
Dave Karson
Meredith Donovan
Chris Moyer
+ 2
the dealplayerscompscontact
Contact now

Summary

WASHINGTON
Asset Type:MultiFamily
Transaction Type:Loan

The multifamily property located at 1515 Bellevue Way NE in Bellevue, WA has recently undergone a loan refinance. The property consists of 184 units and is owned by Low Tide Properties and Continental Properties, LLC.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $60,000,000
  • Loan Type: Refinance

The loan for this transaction was provided by Northwestern Mutual. Cushman & Wakefield represented the landlords, Low Tide Properties and Continental Properties, LLC, in the deal. The brokers involved in the transaction were Dave Karson, Alex Hernandez, Chris Moyer, Alex Lapidus, and Meredith Donovan.

Players

Alexander (Alex) Hernandez
Cushman & Wakefield
Alexander Hernandez
26 deals$7.6B volume(212) 841-9237
BROKER
Alex Lapidus Okin
Cushman & Wakefield
Alex Lapidus Okin
27 deals$7.6B volume(212) 841-9239
BROKER
Chris Moyer
Cushman & Wakefield
Chris Moyer
19 deals$3B volume
BROKER
Meredith Donovan
Cushman & Wakefield
Meredith Donovan
17 deals$3.8B volume
BROKER
Dave Karson
Cushman & Wakefield
Dave Karson
13 deals$1.4B volume
BROKER
Northwestern Mutual
Northwestern Mutual
LENDER
LP
Low Tide Properties
LANDLORD
CL
Continental Properties, LLC
LANDLORD

Details

FINANCED
IMAGE: Dave Karson, Chris Moyer, Alex Lapidus & Meredith Donovan DATE: 08/29/2022 ADDRESS: 1515 Bellevue Way NE MARKET: Bellevue, WA ASSET TYPE: Multifamily ~ UNITS: 184 LENDER: Northwestern Mutual LANDLORD: Low Tide Properties & Continental Properties, LLC BROKERS: Dave Karson, Alex Hernandez, Chris Moyer, Alex Lapidus & Meredith Donovan - Cushman & Wakefield LOAN AMOUNT: $60,000,000 LOAN TYPE: Refinance

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

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
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$60,000,000.00

Monthly NOI$400,000.00
Monthly Debt Service$379,240.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00