ORIX USA’s Real Estate Investment Strategies group announced the closing of a $55 million senior mortgage loan to support a joint venture between Mack Real Estate Group, Silverstein Properties and Cantor Fitzgerald for the refinancing of Swell Apartments. Swell Apartments is a newly constructed, 200-unit multifamily community located in Seattle’s Yesler Terrace neighborhood, less than one mile from downtown Seattle. Completed in 2024, the property features 147 market-rate and 53 affordable residences, along with amenities including a rooftop sky deck, fitness center, private workspaces and multiple resident lounges.
“We are delighted to support Mack Real Estate Group, Silverstein Properties and Cantor Fitzgerald for the refinancing of Swell Apartments, a high-quality multifamily asset in a dynamic Seattle neighborhood,” said Stephen Klufas, Managing Director, ORIX USA. “The transaction reflects our continued focus on providing flexible capital solutions for institutional sponsors and well-located residential properties across the country.”