Seattle-based Keelbase Capital has acquired The Baxter, an 80-unit apartment building in downtown Bellevue, through a deed in lieu of foreclosure transaction recorded by King County on Oct. 14.
The seller of the property at 11115 NE Second St. was Los Angeles-based Angelo, Gordon & Co., which acquired the five-story building for $33.1 million in 2022. It had a $27.9 million loan from a real estate investment trust affiliated with Minnesota-based Värde Partners.
For the full story, go to the Puget Sound Business Journal.
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