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Gantry Secures $10.2 Million Refinance Loan For Historic Terminal Sales Building In Seattle
FINANCED
$10,200,000
Washington
See Similar DealsOffice92,400 SF
Financed
FINANCED
Gantry Secures $10.2 Million Refinance Loan For Historic Terminal Sales Building In Seattle
1932 1st Avenue
See Similar DealsOffice92,400 SF
Financed
Summary
WASHINGTON
Asset Type:Office
Price Per Square Foot:$110
Total Square Footage:92400 SF
Transaction Type:Loan
An 11-story office property located at 1932 1st Avenue in Seattle, WA, encompassing 92,400 square feet has been the subject of a refinancing loan. The refinance amounts to $10,200,000, securing financing for the historic Terminal Sales building near Pike Place Market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $10,200,000
- Address: 1932 1st Avenue
- Market: Seattle, WA
- Asset Size: 92,400 SF
- Loan Type: Refinance
Mike Wood and Tim Brown from Gantry acted as the representatives in this refinancing deal, facilitating the transaction for the historic office property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,200,000.00
Monthly NOI$68,000.00
Monthly Debt Service$64,470.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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