Cushman & Wakefield Arranges $53M Refinancing for Seattle Apartments
Cushman & Wakefield has arranged the $53 million refinancing for 110 Roy Street, a brand-new 167-unit multifamily property in Seattle, Washington.
Dave Karson, Chris Moyer, Alex Lapidus and Zarif Hasan of Cushman & Wakefield represented the borrower, Low Tide Properties, in securing the five-year financing, provided by Northwestern Mutual. “This refinancing reflects the continued demand for well-located multifamily assets in Seattle’s dynamic market,” said Karson. “110 Roy Street was strategically positioned as one of the newest and most modern offerings in the market, with very limited multifamily construction anticipated in the coming years.”
Recently developed by Continental Properties in partnership with Low Tide Properties, the property is situated in the heart of Queen Anne. 110 Roy offers a variety of studio, one-bedroom, and two-bedroom modern apartment homes. Amenities include a rooftop skyview terrace, fitness studio, pet spa and a resident lounge. The property also features nearly 6,700 square feet of retail space.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout