Updated Jan 23, 2026
Lument Provides $21.5M Refinance Loan For 170-Unit Senior Housing In Federal Way
35419 1st Avenue South
$21,500,000
Units
170
Asset Type
Senior Housing
Closing
Jan 22, 2026
About this deal
AI
35419 1st Avenue South is located in Federal Way, WA, and functions as a senior housing community consisting of 170 units. A refinancing loan of $21,500,000 was issued for this asset type. The loan is structured with a fixed interest rate and a term of 35 years.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $21,500,000
- Loan Type: Refinance
- Lender: Lument
- Broker: Casey Moore - Lument
- Market: Federal Way, WA
- Units: 170
Casey Moore acted as the broker representative for the borrower, which is a family-owned entity, in arranging the loan with Lument for refinancing. The financing was conducted under the HUD/FHA Section 232/223(f) program specifically for senior housing facilities.
Players
Federal Way Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93