JLL Capital Markets Arranges $11.85M Refinancing For J.G. Whittier In Seattle's Ballard Neighborhood
7750 15th Avenue Northwest
$11,850,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 16, 2024
AI
An $11.85 million refinancing has been arranged by JLL Capital Markets for J.G. Whittier, a newly constructed 54-unit apartment community in Seattle's Ballard neighborhood. The property is located at 7750 15th Avenue Northwest, and it is categorized as a multifamily asset.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,850,000
- Units: 54
The landlord of the property is FFV Crown Hill, LLC. The brokers who represented the deal were Seth Heikkila and Steve Petrie from JLL.
Seattle MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93