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1925 Weaver Road, Snohomish...

Kōz Development Secures $14M Loan For Senior Housing In Snohomish, WA
FINANCEDOther

Kōz Development Secures $14M Loan For Senior Housing In Snohomish, WA

1925 Weaver Road, Snohomish, Washington 98290, USA

$14,000,000

Building Size

Asset Type

Other

Closing

May 23, 2023

AI

An affiliate of Kōz Development, LLC has secured a loan of $14,000,000 from Greystone for the acquisition of a senior housing property located at 1925 Weaver Rd in Snohomish, WA. The property consists of 100 units and is situated in the local market.

Summary of transaction details

  • Property Type: Senior Housing
  • Transaction Amount: $14,000,000
  • Address: 1925 Weaver Rd, Snohomish, WA
  • Market: Snohomish, WA
  • Units: 100

The loan was facilitated by Cushman & Wakefield's team of brokers consisting of Dave Karson, Chris Moyer, Paul Roeter, and John Spreitzer. They represented the affiliate of Kōz Development, LLC in this transaction.

Players

Chris Moyer

Cushman & Wakefield

Broker

$3.2B

vol

21 deals

Broker
Greystone
GreystoneBrokerage
Greystone
GreystoneLender

Snohomish Other Market Snapshot

Boundary boundary · Other · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93