Sound West Group Secures $13 Million Refinance Loan From LaSalle Investment Management In Seattle
320 Queen Anne Avenue North
$13,000,000
$311/SF
Building Size
41,800 SF
Asset Type
MultiFamily
Closing
Apr 29, 2025
AI
The property asset involved in this transaction is a multifamily building located at 320 Queen Anne Avenue North in Seattle, WA. The total square footage of the asset is 41,800. A loan amount of $13,000,000 was secured for refinancing this property.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $13,000,000
- Address: 320 Queen Anne Avenue North
- Market: Seattle, WA
- Lender: LaSalle Investment Management
- Landlord: Sound West Group
- Brokers: Yarin Amzalag, Eliav Dan, Dante Distefano & Jesse Yodice - Greystone
- Loan Type: Refinance
Key individuals involved in the deal include Yarin Amzalag, Eliav Dan, Dante Distefano, and Jesse Yodice, who represent the interests of Sound West Group in the transaction. The transaction took place on April 30, 2025.
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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93