FINANCEDMultiFamily
NorthMarq Arranges $14.6M Refinance For Trailwood Apartments In Redmond, WA
8501 Willows Road Northeast
$14,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 9, 2023
AI
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.
Players
Redmond MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93