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4722 Fauntleroy Way Southwe...

Legacy Partners & Affinius Capital Refinances 306-Unit Multifamily Property In Seattle, WA With $57.5M Loan From Landesbank Hessen-Thüringen - Cushman & Wakefield Brokers
FINANCEDMultiFamily

Legacy Partners & Affinius Capital Refinances 306-Unit Multifamily Property In Seattle, WA With $57.5M Loan From Landesbank Hessen-Thüringen - Cushman & Wakefield Brokers

4722 Fauntleroy Way Southwest Seattle, Washington 98116, USA

$57,500,000

Building Size

Asset Type

MultiFamily

Closing

Jun 12, 2023

AI

The multifamily property located at 4722 Fauntleroy Way Southwest in Seattle, WA has recently undergone a loan refinance. The property consists of 306 units and is owned by Legacy Partners and Affinius Capital. The loan was provided by Landesbank Hessen-Thüringen for a total amount of $57,500,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $57,500,000
  • Units: 306
  • Address: 4722 Fauntleroy Way Southwest, Seattle, WA
  • Market: Seattle, WA

Cushman & Wakefield represented both the landlord and the lenders in this transaction. The team members involved in the deal include Dave Karson, Alexander Hernandez, Christopher Moyer, Paul Roeter, Alex Lapidus, and Meredith Donovan. They played a crucial role in facilitating the loan refinance process for Legacy Partners and Affinius Capital.

Players

Alexander Hernandez

Cushman & Wakefield

Broker

$7.7B

vol

27 deals

Broker
Helaba
HelabaLender
Affinius Capital
Affinius CapitalLandlord

Seattle 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

0.28%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93