Updated Dec 4, 2024
NorthMarq Arranges $14.6M Refinance For Trailwood Apartments In Redmond, WA
8501 Willows Road Northeast
$14,600,000
Units
100
Asset Type
MultiFamily
Closing
Oct 9, 2023
About this deal
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.
The multifamily loan at 8501 Willows Road Northeast in Redmond, Washington financed for $14.6M in 2023. Reported inventory is 100 units across 100 units. Andrew (Andy) Slaton, NorthMarq appear on the loan alongside NorthMarq. This page is the Redmond, Washington file for the 8501 Willows Road Northeast multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Redmond sit in the Market section below. Filter that Redmond multifamily set by closing date to see what else financed near 8501 Willows Road Northeast around 2023. Published consideration for 8501 Willows Road Northeast is $14.6M, dated 2023. Cite this NorthMarq Arranges $14.6M Refinance For Trailwood Apartments In Redmond, WA loan when underwriting similar multifamily product around Redmond, Washington.
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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