Updated Nov 2, 2026
Bell Partners Acquires Leva On Market Multifamily In Seattle For $95 Million With Freddie Mac Loan
1545 Northwest Market Street
$55,900,000
Units
261
Asset Type
MultiFamily
Closing
Oct 29, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily apartment complex named Leva on Market, located at 1545 Northwest Market Street in Seattle, WA. The property consists of 261 units and was acquired for $95 million by Bell Partners.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $95,000,000
- Loan Amount: $55,900,000
- Loan Type: Acquisition
- Loan Terms: 5-year
- Lender: Freddie Mac
- Landlord: Bell Partners
- Broker: JLL
The deal involved Bell Partners acquiring the apartment property from an affiliate of BlackRock Realty Advisors. JLL Real Estate Capital played a role in the transaction by originating the Freddie Mac loan for financing the purchase.
On the Map
$55,900,000
MultiFamily
View full map
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse Washington multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93