Updated Dec 4, 2024
JLL Capital Markets Arranges $11.85M Refinancing For J.G. Whittier In Seattle's Ballard Neighborhood
7750 15th Avenue Northwest
$11,850,000
Units
54
Asset Type
MultiFamily
Closing
Jan 16, 2024
About this deal
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.
The multifamily loan at 7750 15th Avenue Northwest in Seattle, Washington financed for $11.9M in 2024. Reported inventory is 54 units across 54 units. Seth Heikkila, Steve Petrie, JLL appear on the loan alongside JLL. This page is the Seattle, Washington file for the 7750 15th Avenue Northwest multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Seattle sit in the Market section below. Filter that Seattle multifamily set by closing date to see what else financed near 7750 15th Avenue Northwest around 2024. Published consideration for 7750 15th Avenue Northwest is $11.9M, dated 2024. Cite this JLL Capital Markets Arranges $11.85M Refinancing For J.G. Whittier In Seattle's Ballard Neighborhood loan when underwriting similar multifamily product around Seattle, Washington.
On the Map
$11,850,000
MultiFamily
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Seattle MultiFamily Market Snapshot
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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