ST Renton LLC Refinances Sunset Terrace Multifamily In Renton WA For $28 Million

The property involved in this transaction is Sunset Terrace, a newly constructed multi-family community located at 2715 Northeast Sunset Boulevard in Renton, WA. This asset encompasses 108 residential units and features 3,986 square feet of retail space along with various amenities, including a rooftop deck, fitness center, and gated parking.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $28,000,000
• Loan Type: Refinance
• Market: Renton, WA
• Units: 108
• Landlord: ST Renton LLC
• Broker: Lument & Tammy Linden - Marcus & Millichap
• Loan Amount: $28,000,000

ST Renton LLC refinanced the property with a HUD 223(f) loan issued by Marcus & Millichap Capital Corp. The arrangement was facilitated by brokers Lument and Tammy Linden, highlighting the collaboration involved in securing the financing for this multi-family community.