Cushman & Wakefield has arranged the $44 million sale of Lock Vista Apartments, a 192-unit multifamily community in Seattle’s Ballard neighborhood, with Greystone providing acquisition financing. The Cushman & Wakefield brokerage team of Dan Chhan, Tim McKay, Matt Kemper, Jacob Odegard, Dylan Roeter, and Byron Rosen represented the seller, while the firm’s Equity, Debt & Structured Finance team, led by David Karson and Chris Moyer, arranged a $30 million Freddie Mac loan with Greystone’s Alex Basile.
The five-building property features a mix of studio through three-bedroom homes and has undergone more than $15 million in renovations, including upgraded common areas, a resident clubhouse with kitchen, fitness center, outdoor pool, and landscaped grounds with parking and community amenities.
Read more on Connect CRE.