Updated Sep 5, 2024
Marcus & Millichap Arranges $4.025M Refinancing For Yakima Multifamily Property
3105 Swan Avenue Yakima, WA 98902, USA
$4,025,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 28, 2023
About this deal
AI
A multifamily property located at 3105 Swan Avenue in Yakima, Washington has undergone a refinancing transaction. The property features multiple residential units and is situated in the Yakima market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,025,000
- Loan Type: Refinance
- Loan Terms: 5.92% interest rate with 30-years amortization and a 65% loan-to-value ratio (LTV)
Tammy Linden, a representative from Marcus & Millichap, facilitated the refinancing for this multifamily property in Yakima, Washington. The loan amount of $4,025,000 was secured at a 5.92% interest rate, with a 30-year amortization schedule and a 65% LTV.
Yakima 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
3.94%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93