Updated Dec 4, 2024
Fannie Mae Lends $43.6 Million For Refinancing Haven Apartments In Port Orchard, WA
4999 Sidney Road Southwest
$43,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 6, 2024
About this deal
AI
The property involved in this transaction is Haven Apartments, a garden-style multifamily property located at 4999 Sidney Road Southwest in Port Orchard, WA. The property is part of the multifamily asset class and was refinanced with a loan amount of $43,600,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $43,600,000
- Lender: Fannie Mae
- Broker: Bob Spiro - Northmarq
- Loan Type: Refinance
Bob Spiro from Northmarq represented the refinancing deal for Haven Apartments, coordinating the $43.6 million loan facilitated by Fannie Mae. This transaction highlights the collaboration between the broker and the lender in supporting multifamily property financing.
Players
Port Orchard 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93