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JLL Capital Markets Arranges $11.85M Refinancing For J.G. Whittier In Seattle's Ballard Neighborhood

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FINANCED
$11,850,000
Seth Heikkila
Steve Petrie

Washington

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MultiFamily
Financed 01/16/2024
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FINANCED

JLL Capital Markets Arranges $11.85M Refinancing For J.G. Whittier In Seattle's Ballard Neighborhood

7750 15th Avenue Northwest

See Similar Deals
MultiFamily
Financed 01/16/2024
Seth Heikkila
Steve Petrie
the dealplayerscompscontact
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Summary

WASHINGTON
Asset Type:MultiFamily
Transaction Type:Loan

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.

Players

Seth Heikkila
JLL
Seth Heikkila
6 deals$369.9M volume(206) 607-1732
BROKER
Steve Petrie
JLL
Steve Petrie
5 deals$224.8M volume(206) 336-5450
BROKER

Details

FINANCED
IMAGE: Seth Heikkila & Steve Petrie DATE: 01/16/2024 ADDRESS: 7750 15th Avenue Northwest MARKET: Seattle, WA ASSET TYPE: Multifamily ~ UNITS: 54 LANDLORD: FFV Crown Hill, LLC BROKERS: Seth Heikkila & Steve Petrie - JLL LOAN AMOUNT: $11,850,000 LOAN TYPE: Refinance NOTE: JLL Capital Markets has successfully arranged an $11.85 million refinancing for J.G. Whittier, a newly constructed 54-unit apartment community in Seattle's Ballard neighborhood.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$11,850,000.00

Monthly NOI$79,000.00
Monthly Debt Service$74,900.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00