FINANCEDMultiFamily
Legacy Partners And New York Life Real Estate Investors Secure $91.9M Construction Loan For Bellevue Multifamily Property
1525 132nd Avenue Northeast, Bellevue, Washington 98005, United States
$91,900,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 1, 2022
AI
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $91,900,000
- Units: 288
- Address: 1525 132nd Ave NE, Bellevue, WA
- Market: Bellevue, WA
Players
Bellevue MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93