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4200 Alderwood Mall Bouleva...

American Capital Group & Canyon Partners Real Estate Refinance $61M Loan For Lynnwood Multifamily
FINANCEDMultiFamily

American Capital Group & Canyon Partners Real Estate Refinance $61M Loan For Lynnwood Multifamily

4200 Alderwood Mall Boulevard, Lynnwood, Washington 98036, United States

$61,000,000

Building Size

Asset Type

MultiFamily

Closing

Sep 27, 2022

AI

The multifamily property located at 4200 Alderwood Mall Blvd in Lynnwood, WA has recently undergone a loan refinancing transaction. The property comprises 239 units and is owned by American Capital Group and Canyon Partners Real Estate.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $61,000,000
  • Loan Type: Refinance
  • Loan Terms: 10-year, fixed-rate, interest-only loan

The loan for this transaction was provided by greystone''>Greystone. Representing the landlord, American Capital Group and Canyon Partners Real Estate, the deal was facilitated by brokers Chris Moyer, Dave Karson, Alex Lapidus, and Chris Meloni from Cushman & Wakefield.

Players

Alex Lapidus Okin

Cushman & Wakefield

Broker

$7.8B

vol

29 deals

Broker
Greystone
GreystoneLender

Lynnwood 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

0.26%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93