Northmarq Refinances Multifamily Property In Seattle, WA For $20.8M
FINANCED
$20,800,000
Washington
See Similar DealsMultiFamily15 SF
Financed 07/12/2022
FINANCED
Northmarq Refinances Multifamily Property In Seattle, WA For $20.8M
431 Northwest 100th Place, Seattle, Washington 98177, United States
See Similar DealsMultiFamily15 SF
Financed 07/12/2022
Summary
WASHINGTON
Asset Type:MultiFamily
Price Per Square Foot:$1,386,666
Total Square Footage:15 SF
Transaction Type:Loan
The multifamily property located at 431 NW 100th Pl in Seattle, WA has recently undergone a refinance transaction. The property spans an impressive 15,430 square feet and is part of the thriving Seattle market. The refinancing loan amount for this transaction was $20,800,000, providing the owner with the necessary capital for their investment needs.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $20,800,000
- Address: 431 NW 100th Pl
- Market: Seattle, WA
- Asset Type: Multifamily ~ SF: 15,430
- Broker: Stuart Oswald - Northmarq
- Loan Type: Refinance
Stuart Oswald from Northmarq played a crucial role in facilitating this refinancing deal. With their expertise in the real estate market, Stuart represented the owner in negotiating and securing the favorable terms of the loan. Their dedication to ensuring a successful transaction is commendable.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,800,000.00
Monthly NOI$138,666.67
Monthly Debt Service$131,470.15
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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