Beacon Apartments

Seattle, WA

  • Closed 10/05/2016
  • 40 units built in 1965
  • Purchase price: $5,885,000
  • $1,400,000 capital improvement program
  • Freddie Mac 3 year variable debt at 3.5%, 3 year term
  • Refinanced in 2019 with Freddie Mac fixed debt at 3.82%, 5 year term
  • 3 year IRR of 16.2% to investors prior to refinance
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