Gantry Arranges $14.8M Refinance Loan For 76-Unit Latitude Queen Anne Apartments In Seattle

The asset involved in this transaction is the Latitude Queen Anne apartments, a multifamily property located at 500 3rd Avenue West, Seattle, WA. This property consists of 76 residential units and has a loan amount of $14,800,000 associated with it, reflecting the financial investment in this multifamily asset.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,800,000
• Loan Type: Refinance
• Loan Terms: 10-year
• Units: 76
• Market: Seattle, WA
• Brokers: Mike Wood & Tim Brown - Gantry

The refinancing loan for the Latitude Queen Anne apartments was arranged by Gantry, providing a permanent 10-year, fixed-rate, non-recourse loan with full-term interest-only payments. This structure aims to maximize cash flow for the borrower throughout the loan period.