Press Releases
Marcus & Millichap Capital Corporation Arranges $28 Million Financing for Seattle MSA Multifamily Property
September 18, 2025
RENTON, Wash., Sept. 18, 2025 – Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $28,060,600 in financing for Sunset Terrace, a 108-unit multifamily property with 3,986 net-rentable square feet of commercial space located at 2715 Sunset Lane NE in Renton, Washington.
Tammy Linden, managing director in MMCC’s Seattle office, arranged the financing with Lument on behalf of the borrower, ST Renton LLC. The transaction was executed as a HUD 223(f) loan with green certification, providing maximum leverage to retire the interim acquisition bridge loan originally arranged by Linden and MMCC at the issuance of the temporary certificate of occupancy in July 2023.
Located within a short drive of Seattle, the property was constructed in 2023 and features a mix of studios, one- and two-bedroom apartments, live/work units and two commercial tenant suites. Amenities include in-unit laundry, fitness center, business center, clubhouse, rooftop deck with barbecue grills, gated garage parking, bike rack, and pet-friendly accommodations.
Tammy Linden, managing director in MMCC’s Seattle office, arranged the financing with Lument on behalf of the borrower, ST Renton LLC. The transaction was executed as a HUD 223(f) loan with green certification, providing maximum leverage to retire the interim acquisition bridge loan originally arranged by Linden and MMCC at the issuance of the temporary certificate of occupancy in July 2023.
Located within a short drive of Seattle, the property was constructed in 2023 and features a mix of studios, one- and two-bedroom apartments, live/work units and two commercial tenant suites. Amenities include in-unit laundry, fitness center, business center, clubhouse, rooftop deck with barbecue grills, gated garage parking, bike rack, and pet-friendly accommodations.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
