Mesa West Capital Provides $52M Loan For Multifamily Property In Belltown
FINANCED
$52,000,000
Washington
See Similar DealsMultiFamily1,420 SF
Financed 12/09/2019
FINANCED
Mesa West Capital Provides $52M Loan For Multifamily Property In Belltown
62 Cedar Street, Belltown, Seattle, WA, USA
See Similar DealsMultiFamily1,420 SF
Financed 12/09/2019
Summary
WASHINGTON
Asset Type:MultiFamily
Price Per Square Foot:$36,619
Total Square Footage:1,420 SF
Transaction Type:Loan
The multifamily property at 62 Cedar Street in Belltown has recently been involved in a closed transaction. The loan for this property was provided by Mesa West Capital, with Joshua Westerberg, Jeff Friedman, and Mark Zytko representing the lender. The loan amount for this five-year, non-recourse loan was $52,000,000. The property consists of 131 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $52,000,000
- Address: 62 Cedar Street
- Market: Belltown
The landlord involved in this transaction is Rise Properties Trust and Cigna Investment Management. The individuals from Mesa West Capital, namely Joshua Westerberg, Jeff Friedman, and Mark Zytko, played a key role in representing the lender in this deal.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$52,000,000.00
Monthly NOI$346,666.67
Monthly Debt Service$328,675.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions