Union Labor Life Insurance Co. & Canyon Partners Real Estate Provides $109M Construction Loan For Seattle Office Property
FINANCED
$109,000,000
Washington
See Similar DealsOffice112 SF
Financed 11/28/2022
FINANCED
Union Labor Life Insurance Co. & Canyon Partners Real Estate Provides $109M Construction Loan For Seattle Office Property
3524 Stone Way North, Seattle, Washington 98103, United States
See Similar DealsOffice112 SF
Financed 11/28/2022
Summary
WASHINGTON
Asset Type:Office
Price Per Square Foot:$973,214
Total Square Footage:112 SF
Transaction Type:Loan
The loan for the property located at 3524 Stone Way North in Seattle, WA was closed on November 28, 2022. The property is an office building with a total square footage of 112,700. The lenders involved in the transaction are Union Labor Life Insurance Co. and Canyon Partners Real Estate. The loan amount for the construction project is $109,000,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $109,000,000
- Address: 3524 Stone Way North, Seattle, WA
- Market: Seattle, WA
- Asset Type: Office
- Square Footage: 112,700
- Lender: Union Labor Life Insurance Co. & Canyon Partners Real Estate
- Loan Type: Construction
The loan transaction was facilitated by the lenders, Union Labor Life Insurance Co. and Canyon Partners Real Estate. They played a key role in ensuring the financing for the construction of the office building at 3524 Stone Way North. Their expertise and financial support were crucial in making this project a reality.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$109,000,000.00
Monthly NOI$726,666.67
Monthly Debt Service$688,954.15
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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