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1525 132nd Avenue Northeast...

Updated Jun 5, 2025

Legacy Partners And New York Life Real Estate Investors Secure $91.9M Construction Loan For Bellevue Multifamily Property
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

Units

288

Asset Type

MultiFamily

Closing

Aug 1, 2022

About this deal

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

The multifamily loan at 1525 132nd Avenue Northeast, Bellevue, Washington 98005, United States in Bellevue, Washington financed for $91.9M in 2022. Reported inventory is 288 units across 288 units. Dave Karson, Chris Moyer, Cushman & Wakefield appear on the loan alongside Cushman & Wakefield. This page is the Bellevue, Washington file for the 1525 132nd Avenue Northeast, Bellevue, Washington 98005, 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 1525 132nd Avenue Northeast, Bellevue, Washington 98005, United States around 2022. Published consideration for 1525 132nd Avenue Northeast, Bellevue, Washington 98005, United States is $91.9M, dated 2022. Cite this Legacy Partners And New York Life Real Estate Investors Secure $91.9M Construction Loan For Bellevue Multifamily Property loan when underwriting similar multifamily product around Bellevue, Washington.

Players

Chris Moyer

Cushman & Wakefield

Broker

$3.4B

vol

22 deals

Broker
J.P. Morgan Chase
J.P. Morgan ChaseLender
LP
Legacy PartnersLandlord

Bellevue MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $319.1K per unit across 288 units on a published $91.9M (2022).

Visit Dave Karson to view all their deals.

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

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