Harborview Capital Partners Provides $47.9M Refinance Loan For Multifamily Property In Seattle, WA

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.