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CBRE Arranges $13M in Financing for 108-Unit Multifamily Development in Seattle

Cubix-North-Apts-Seattle-WA

Cubix North Apartments in Seattle features 108 micro apartments and 3,380 square feet of commercial space.

SEATTLE — CBRE Capital Markets’ Debt & Structured Finance team has secured long-term refinancing for Cubix North Apartments, a newly delivered multifamily development located at 1008 N. 109th St. in North Seattle. The borrower is Daniel Stoner of 1008 Apartments LLC.

Completed this month, the four-story Cubix North features 108 micro apartments with natural lighting, microwaves, premium countertops, two-burner stoves and refrigerators, as well as 3,380 square feet of commercial space. On-site amenities include a rooftop deck with barbecue areas and city views, storage units, bike storage, smart-phone enabled on-site laundry, two building-owned smart cars for tenant use and free bus passes.

Jeff Henderson of Seattle’s CBRE office arranged the 10-year, $13 million, fixed-rate loan.

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