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NorthMarq Arranges $14.6M Refinance For Trailwood Apartments In Redmond, WA
FINANCED
$14,600,000
Washington
See Similar DealsMultiFamily
Financed 10/09/2023
FINANCED
NorthMarq Arranges $14.6M Refinance For Trailwood Apartments In Redmond, WA
8501 Willows Road Northeast
See Similar DealsMultiFamily
Financed 10/09/2023
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Loan
Northmarq, based in Minnesota, successfully arranged a $14.6 million refinancing deal for Trailwood Apartments, a 100-unit multifamily community located at 8501 Willows Road Northeast in Redmond, Washington.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $14,600,000
- Units: 100
- Market: Redmond, WA
The lender for this refinancing deal was Fannie Mae, while Andrew Slaton from NorthMarq served as the broker.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,600,000.00
Monthly NOI$97,333.33
Monthly Debt Service$92,281.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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