Updated Jun 5, 2025
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
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