Updated Dec 2, 2024
Affinius Capital Provides $162M Loan For Seattle And Eugene Student Housing
4126 12th Avenue Northeast
$162,000,000
Units
583
Asset Type
Student Housing
Closing
Aug 9, 2023
About this deal
AI
Affinius Capital LLC has granted a mortgage financing of $162 million for two student housing properties in Seattle, WA, and Eugene, OR. The properties have a combined total of 583 units.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: $162,000,000
- Address: 4126 12th Avenue Northeast, Seattle, WA & 480 East Broadway, Eugene, OR
- Market: Seattle, WA & Eugene, OR
- Landlord: Bob Faith - Greystar & Tikehau Capital
- Lender: Affinius Capital
Bob Faith, representing Greystar and Tikehau Capital, acted as the landlord in this deal. Affinius Capital LLC provided the mortgage financing for the properties.
Players
Seattle Student Housing Market Snapshot
Boundary boundary · Student Housing · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93