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
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