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2615 25th Avenue South

FINANCEDMultiFamily

Harborview Capital Partners Refinances Multifamily Property In Seattle, WA For $47.9M

2615 25th Avenue South

Building Size

78,324 SF

Asset Type

MultiFamily

Closing

Oct 25, 2022

AI

A multifamily property located at 2615 25th Ave S in Seattle, WA has been involved in a recent closed transaction. This property spans a total area of 78,324 square feet and consists of 194 units.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $47,894,300
  • Lender: Harborview Capital Partners
  • Loan Representative: Eli Osdoba

The lender involved in this transaction is Harborview Capital Partners, represented by Eli Osdoba. Additionally, First American Capital Group was also involved.

The loan amount for this transaction was $47,894,300. It was a refinance loan with terms that include a 2.95% interest rate, a 40-year amortization period, and it was held under an early rate lock for 14 months. This loan falls under the category of HUD 223(a)(7) Refinance.

Note: No additional information is available for this transaction.

Players

Harborview Capital Partners
Harborview Capital PartnersBrokerage
Harborview Capital Partners
Harborview Capital PartnersLender

Seattle MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93