Seattle apartment complex

Multifamily | Seattle, WA

Refinancing of a multifamily apartment building in Seattle’s vibrant Lake City region, a family-friendly area along the shores of Lake Washington that boasts sightseeing, outdoor tourism and parks in addition to dining, arts and culture

Investment highlights

  • The 68-unit apartment building contains four retail spaces totaling 5,647 square feet and is situated on 2.43 acres in the Lake City submarket.
  • The property is conveniently located within a few blocks of public transportation, offers easy access to Route 522, and is less than 10 miles north of the University of Washington and Downtown Seattle.
  • Lake City is a bustling area with newly constructed residential and retail buildings and is home to many restaurants while still having the feel of a quiet residential neighborhood.

Location

Investment details1

Total loan size
$12,400,000
Purpose
Refinancing
LTV
76%
Date of loan
11/09/18
Year built
1968
Units
68
Portfolio weight
2.0%

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