HFF arranges $8.53 million acquisition financing for urban multi-housing property in Seattle, WA

Mona K. Carlton

DALLAS, TX – HFF announced it has arranged $8.53 million in financing for The Residences at 3295, a six-story, 60-unit urban multi-housing property in Seattle, Washington.

                HFF worked on behalf of the borrower, Abacus Capital Group, to secure the fixed-rate acquisition loan through Nationwide Life Insurance Company, Columbus, Ohio. 

Completed in 2012, The Residences at 3295 includes 60 condominium-quality residential units averaging 633 square feet each along with 2,800 square feet of ground-floor retail and a 100-space, access-controlled subterranean parking garage.  

The residential portion of the property is 95 percent leased and the retail portion is 100 percent leased to a single tenant.  Community amenities include a state-of-the-art fitness center, rooftop terrace, barbecue grills, 3,000-square-foot community garden and access to the adjacent West Seattle public golf course.  The property is located at 3295 SW Avalon Way proximate to the West Seattle Bridge and approximately five miles from downtown Seattle.

Tom Wilson

The HFF debt placement team representing Abacus was led by senior managing director Mona Carlton and managing director Tom Wilson.

Abacus Capital Group LLC is a New York-based institutional advisory firm focused on the multifamily sector nationwide.  This asset was purchased through a fund sponsored by Abacus

For a complete copy of the company’s news release, please contact:

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com