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
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