Updated Mar 11, 2025
Harborview Capital Partners Provides $47.9M Refinance Loan For Multifamily Property In Seattle, WA
2615 25th Avenue South, Seattle, Washington 98144, United States
$47,894,300
$611/SF
Building Size
78,324 SF
Asset Type
MultiFamily
Closing
Oct 24, 2022
About this deal
AI
Located at 2615 25th Ave S in Seattle, WA, this multifamily property is a noteworthy investment opportunity. With a total square footage of 78,324 and containing 194 units, this property offers substantial potential for returns.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $47,894,300
- Loan Type: Refinance
- Loan Terms: 2.95% Rate, 40 Year Amortization, Held Early Rate Lock for 14 months - HUD 223(a)(7) Refinance
- Lender: Harborview Capital Partners - Eli Osdoba; First American Capital Group
Facilitating the loan for this transaction, Harborview Capital Partners, represented by Eli Osdoba, along with First American Capital Group, has provided a refinance loan for a total amount of $47,894,300. The loan has a favorable interest rate of 2.95%, allowing for a 40-year amortization period. Notably, this loan has been secured under the HUD 223(a)(7) Refinance program and held an early rate lock for 14 months.
On the Map
$47,894,300
$611/SF
MultiFamily
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Players
Seattle 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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93