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.”…