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4759 15th Avenue Northeast
FINANCED

Theory U District's Bridge Loan Secured By Blue Vista Capital Management With PGIM

4759 15th Avenue Northeast

Student Housing
clock iconFinanced 96 days ago
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Summary

Loan
WASHINGTON
Student Housing

The owner of Theory U District, a recently completed student housing building in Seattle's University District, secured a $53.5 million floating refinancing loan facilitated by PGIM Real Estate, with Blue Vista Capital Management of Chicago as the recipient. The property, located at 4759 15th Avenue Northeast in Seattle, WA, consists of 177 units designed for student living.

Summary of transaction details:

  • Property Type: Student Housing
  • Transaction Amount: $53,500,000
  • Address: 4759 15th Avenue Northeast
  • Market: Seattle, WA
  • Lender: PGIM Real Estate
  • Landlord: Blue Vista Capital Management
  • Loan Type: Bridge

PGIM Real Estate acted as the lender in the transaction, providing the $53.5 million bridge loan for the refinancing. Blue Vista Capital Management, based in Chicago, served as the landlord for the student housing building in Seattle's University District.

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PGIM
PGIM

Details

Deal Summary
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FINANCED
IMAGE: 04/10/2024 ADDRESS: 4759 15th Avenue Northeast MARKET: Seattle, WA ASSET TYPE: Student Housing ~ UNITS: 177 LENDER: PGIM Real Estate LANDLORD: Blue Vista Capital Management LOAN AMOUNT: $53,500,000 LOAN TYPE: Bridge NOTE: The owner of Theory U District, a recently completed student housing building in Seattle's University District, secured a $53.5 million floating refinancing loan facilitated by PGIM Real Estate, with Blue Vista Capital Management of Chicago as the recipient.

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Address4759 15th Avenue Northeast

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