Updated Oct 28, 2024
Nitze-Stagen Secures $7M Mezzanine Debt Investment For Lynnwood Office Building
20700 44th Place West, Lynnwood, Washington 98036, United States
$7,000,000
Building Size
—
Asset Type
Office
Closing
Sep 20, 2022
About this deal
AI
The property involved in this transaction is an office building located at 20700 44th Ave W in Lynnwood, WA. The property spans approximately 182,009 square feet and is owned by Nitze-Stagen. The transaction was facilitated by Bill Swackahmer of Pearlmark.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $7,000,000
- Address: 20700 44th Ave W, Lynnwood, WA
- Market: Lynnwood, WA
- Loan Type: Mezzanine debt investment
The loan amount for this transaction was $7,000,000. The loan type used in this deal was mezzanine debt investment.
Players
Lynnwood Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93