Carmel Partners Secures $63.42M Loan For Acquisition Of 243-Unit Multifamily In Seattle

The 243-unit Alta Arlo apartment property located at 4720 Rainier Avenue South in Seattle has been acquired by Carmel Partners for $96.82 million. The multifamily asset, facilitated by Berkeley Point Capital, features a loan amount of $63.42 million obtained through Fannie Mae financing.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $96.82 million
• Units: 243
• Address: 4720 Rainier Avenue South
• Market: Seattle, WA

Ron Zeff, representing Carmel Partners, served as the landlord in this acquisition deal. Newmark Knight Frank, through their subsidiary Berkeley Point Capital, acted as the lender for the transaction.

Note: Berkeley Point Capital facilitated Carmel Partners' $96.82 million acquisition of the 243-unit Alta Arlo apartment property in Seattle through $63.42 million in Fannie Mae financing.