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Berkadia Secures $18M Refinance For Multifamily Property In Puyallup, WA
FINANCED
$18,000,000
Washington
See Similar DealsMultiFamily
Financed 05/07/2024
FINANCED
Berkadia Secures $18M Refinance For Multifamily Property In Puyallup, WA
17424 122nd Avenue East
See Similar DealsMultiFamily
Financed 05/07/2024
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Loan
The $18 million refinancing deal for Peak at Sunrise, an 80-unit multifamily property located at 17424 122nd Avenue East in Puyallup, WA, was successfully secured by Berkadia through Freddie Mac in partnership with DSC Capital. The loan transaction involved refinancing the property through Freddie Mac.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $18,000,000
- Address: 17424 122nd Avenue East
- Market: Puyallup, WA
- Lender: Freddie Mac
- Brokers: Lowell Takahashi & Vincent Punzi - Berkadia
- Loan Type: Refinance
Lowell Takahashi and Vincent Punzi from Berkadia played key roles in facilitating the refinancing deal for Peak at Sunrise. They represented the parties involved in the transaction, ensuring a successful collaboration with Freddie Mac and DSC Capital.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$18,000,000.00
Monthly NOI$120,000.00
Monthly Debt Service$113,772.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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