Updated Apr 3, 2025
Natixis Real Estate Capital Lends $220M To TriStar Capital For Retail Asset In Seattle
400 9th Ave N, Seattle, WA, 98109
$220,000,000
Building Size
—
Asset Type
Retail
Closing
Aug 22, 2019
About this deal
AI
The property asset involved in this transaction is a retail space located at 400 9th Ave N, Seattle, WA, 98109. The loan amount secured for this asset totals $220,000,000.00, and the market for this transaction is Seattle.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $220,000,000.00
- Borrower's Representative: Richard Horowitz - Cooper Horowitz
- Borrower: TriStar Capital
- Lender: Natixis Real Estate Capital
- Loan Date: 08/22/2019
Key individuals involved in this transaction include Richard Horowitz, representing the borrower, TriStar Capital, in securing the loan from Natixis Real Estate Capital. This transaction reflects the collaboration between these entities within the Seattle market.
Players
Seattle Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93