Greystone Provides $15.75M Refinance Loan For 161-Unit Multifamily Property In Tacoma, WA
FINANCED
$15,750,000
Washington
See Similar DealsMultiFamily
Financed 04/01/2023
FINANCED
Greystone Provides $15.75M Refinance Loan For 161-Unit Multifamily Property In Tacoma, WA
824 Martin Luther King Jr Way, Tacoma, Washington 98405, United States
See Similar DealsMultiFamily
Financed 04/01/2023
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Loan
The property involved in this closed transaction is a multifamily asset located at 824 Martin Luther King Junior Way in Tacoma, WA. The property consists of 161 units. The transaction involved a refinance loan provided by Greystone with a loan amount of $15,750,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,750,000
- Address: 824 Martin Luther King Junior Way, Tacoma, WA
- Market: Tacoma, WA
- Units: 161
- Lender: Greystone
- Brokers: Dave Karson, Chris Moyer, Paul Roeter, John Spreitzer & Jason Blankfein - Cushman & Wakefield
- Loan Type: Refinance
The deal was facilitated by the brokers from Cushman & Wakefield, namely Dave Karson, Chris Moyer, Paul Roeter, John Spreitzer, and Jason Blankfein.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,750,000.00
Monthly NOI$105,000.00
Monthly Debt Service$99,550.71
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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