Updated Oct 29, 2024
O.Z. Navigator Secures $112M Construction Loan For Multifamily In Seattle
900 Rainier Avenue South
$112,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 20, 2023
About this deal
AI
The multifamily property located at 900 Rainier Ave S in Seattle, WA has been involved in a recent loan transaction. The loan, which was for a construction project, was provided by O.Z. Navigator. The loan amount was $112,000,000, and the transaction was facilitated by Northmarq, acting as the brokers.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $112,000,000
- Address: 900 Rainier Ave S, Seattle, WA
- Market: Seattle, WA
- Landlord: O.Z. Navigator
- Brokers: Northmarq
- Loan Type: Construction
O.Z. Navigator, as the landlord, played a key role in securing the loan for the construction project. Northmarq acted as the brokers in the transaction, representing the interests of the parties involved. Through their collaboration, the loan was successfully obtained, allowing for the development of the multifamily property at 900 Rainier Ave S.
Players
Seattle MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93