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Artemis Real Estate Partners, MorningStar Senior Living & American Capital Group Secure $40M Loan For 152-Unit Senior Housing In Kirkland, WA

11729 Northeast 118th Street
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This Other property located in WA received a loan of $40,000,000 almost 2 years ago. The brokers of the deal were Aron Will and Tim Root

The senior housing property located at 11729 NE 118th St in Kirkland, WA has recently been involved in a loan transaction. The property, which covers an area of 3.6 acres, consists of 152 units. The loan, amounting to $40,000,000, is a nonrecourse, floating-rate loan with full-term interest-only payments.

Summary of transaction details

  • Property Type: Senior Housing
  • Transaction Amount: $40,000,000
  • Address: 11729 NE 118th St
  • Market: Kirkland, WA
  • Units: 152
  • Acres: 3.6

The deal was facilitated by the following individuals and companies: Aron Will and Tim Root from CBRE represented the landlords, which include Artemis Real Estate Partners, MorningStar Senior Living, and American Capital Group.

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Deals
  • Location
    11729 Northeast 118th Street, Kirkland, Washington 98034, United States11729 Northeast 118th Street, Kirkland, Washington 98034, United States
  • Loan Value
    $40,000,000$40,000,000
  • Asset Type
    OtherOther
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Tim Root

Tim Root

Deals4
Financed$185.5M

Aron Will

Aron Will

Deals9
Financed$266.9M

Agency

CBRE

CBRE

Agency
Deals4230
Volume$184.3B

Deal Summary

LOAN IMAGE: Austin Sacco, Aron Will & Tim Root DATE: 06/09/2022 ADDRESS: 11729 NE 118th St MARKET: Kirkland, WA ASSET TYPE: Senior Housing ~ UNITS: 152 ~ ACRES: 3.6 LANDLORD: Artemis Real Estate Partners, MorningStar Senior Living & American Capital Group BROKERS: Aron Will & Tim Root - CBRE LOAN AMOUNT: $40,000,000 LOAN TERMS: The nonrecourse, floating-rate loan features full-term interest-only payments.

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11729 Northeast 118th Street

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