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885 154th Avenue Northeast

Freddie Mac Provides $73.5 Million Loan To Refinance The Madison Bellevue Multifamily In Bellevue
FINANCEDMultiFamily

Freddie Mac Provides $73.5 Million Loan To Refinance The Madison Bellevue Multifamily In Bellevue

885 154th Avenue Northeast

$73,500,000

Building Size

Asset Type

MultiFamily

Closing

May 29, 2025

AI

The Madison Bellevue is a 281-unit multifamily property located at 885 154th Avenue Northeast in Bellevue, Washington. The property was refinanced through a loan amounting to $73,500,000. The asset type is multifamily, situated in a notable market area.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $73,500,000
  • Lender: Freddie Mac
  • Landlord: Bryan Ezralow - The Ezralow Company
  • Broker: Allan Freedman - Berkadia
  • Loan Type: Refinance

Berkadia played a key role in securing the refinancing loan through Freddie Mac for The Madison Bellevue, ensuring the continuation of the property’s financing needs under the management of Bryan Ezralow and his company.

Players

Allan Freedman

Berkadia

Broker

$191.5M

vol

4 deals

Broker
Berkadia
BerkadiaBrokerage
Freddie Mac
Freddie MacLender

Bellevue 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

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93