Voya Investment Management Provides $23.25 Million Refinance For Align Apartments In Federal Way

The asset involved in this transaction is the Align Apartments, a 105-unit multifamily property located at 35434 25th Avenue Southwest in Federal Way, WA. The property secured a refinance loan amounting to $23,250,000. The loan enables full-term interest-only payments with a floating-rate arrangement.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $23,250,000
• Lender: Voya Investment Management
• Broker: Andrew Slaton - NorthMarq
• Loan Type: Refinance
• Market: Federal Way, WA
• Property Address: 35434 25th Avenue Southwest

Northmarq played a key role in arranging this financial transaction, successfully securing a floating-rate bridge loan from Voya Investment Management. The loan is structured for a four-year term, providing flexibility in prepayment options.