FINANCED
Artemis Real Estate Partners, MorningStar Senior Living & American Capital Group Secure $40M Loan For 152-Unit Senior Housing In Kirkland, WA
11729 Northeast 118th Street
Other
Financed 1 year ago
Summary
Loan
WASHINGTON
Other
The senior housing property located at 11729 NE 118th St in Kirkland, WA has recently been involved in a loan transaction. The property, which covers an area of 3.6 acres, consists of 152 units. The loan, amounting to $40,000,000, is a nonrecourse, floating-rate loan with full-term interest-only payments.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $40,000,000
- Address: 11729 NE 118th St
- Market: Kirkland, WA
- Units: 152
- Acres: 3.6
The deal was facilitated by the following individuals and companies: Aron Will and Tim Root from CBRE represented the landlords, which include Artemis Real Estate Partners, MorningStar Senior Living, and American Capital Group.
Players
All
3
Agents
2
Agencies
1
Details
FINANCED
IMAGE: Austin Sacco, Aron Will & Tim Root
DATE: 06/09/2022
ADDRESS: 11729 NE 118th St
MARKET: Kirkland, WA
ASSET TYPE: Senior Housing ~ UNITS: 152 ~ ACRES: 3.6
LANDLORD: Artemis Real Estate Partners, MorningStar Senior Living & American Capital Group
BROKERS: Aron Will & Tim Root - CBRE
LOAN AMOUNT: $40,000,000
LOAN TERMS: The nonrecourse, floating-rate loan features full-term interest-only payments.View on map
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Address11729 Northeast 118th Street
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