Updated Aug 25, 2026
Cushman & Wakefield Arranges $250 Million Refinance For Museum House Multifamily In Seattle With Barings
707 Terry Avenue
$250,000,000
Units
506
Asset Type
MultiFamily
Closing
Aug 21, 2026
About this deal
AI
The asset involved in this transaction is Museum House, a multi-family apartment community located at 707 Terry Avenue in Seattle, WA. This property consists of 506 residential units and is part of the Seattle market. The refinancing for this asset is valued at $250 million, provided by Barings.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $250,000,000
- Asset Address: 707 Terry Avenue
- Market: Seattle, WA
- Units: 506
- Lender: Barings
- Loan Type: Refinance
- Brokers: Dave Karson, Christopher Moyer, Alex Lapidus Okin & Meredith Crawford - Cushman & Wakefield
Cushman & Wakefield arranged the refinancing deal for Museum House, facilitating the arrangement on behalf of the pension trust sponsor that utilized Barings as the financing source. The brokers involved have played a significant role in orchestrating this substantial transaction.
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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93