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September 29, 2022

$61M refi for new Lynnwood units

American Capital Group completed the 239-unit Kinect @ Lynnwood last December. A sister company began building the project about two years ago; it replaced a former Hertz property near the future Lynnwood City Center Station. The apartments now benefit from a $61.3 million refinancing package secured by Dave Karson, Chris Moyer, Alex Lapidus and Chris Meloni of Cushman & Wakefield and Michael Zampetti of Greystone, the two firms announced. The Fannie Mae loan carries a 10-year, fixed-rate term, with full-term interest only. Moyer said in a statement, “Leasing activity remains robust with low vacancy rates throughout the entire Puget Sound region.” ACG's partner in the project, and others, is Canyon Partners Real Estate.




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