Northmarq Refinances Multifamily Property In Seattle, WA For $20.8M
431 Northwest 100th Place, Seattle, Washington 98177, United States
$20,800,000
$1,386,666/SF
Building Size
15 SF
Asset Type
MultiFamily
Closing
Jul 12, 2022
AI
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.
Players
Seattle MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93