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.
On the Map
$162,000,000
Student Housing
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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