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Marcus & Millichap Capital Corporation Arranges $21.75M Refinance For 98-Unit Multifamily In Seattle
FINANCED
$21,750,000
Washington
See Similar DealsMultiFamily
Financed 04/14/2025
FINANCED
Marcus & Millichap Capital Corporation Arranges $21.75M Refinance For 98-Unit Multifamily In Seattle
403 Dexter Avenue North
See Similar DealsMultiFamily
Financed 04/14/2025
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located at 403 Dexter Avenue North in Seattle, WA. The property comprises 98 residential units and is characterized as a luxury apartment building. The refinance loan amount for this asset is $21,750,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21,750,000
- Units: 98
- Address: 403 Dexter Avenue North
- Market: Seattle, WA
- Loan Type: Refinance
Bradley Buzil from Marcus & Millichap represents Tellus in this refinance transaction. The financing was arranged by Marcus & Millichap Capital Corporation, reflecting their involvement in structured loan services for this multifamily asset.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,750,000.00
Monthly NOI$145,000.00
Monthly Debt Service$137,474.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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