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Sunwest Bank Provides $56M Construction Loan For Boise Multifamily Development

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FINANCED

Idaho

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MultiFamily
Financed 02/10/2023
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FINANCED

Sunwest Bank Provides $56M Construction Loan For Boise Multifamily Development

MultiFamily
Financed 02/10/2023
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Summary

Asset Type:MultiFamily
Transaction Type:Loan

Boise, Idaho saw a significant transaction in the multifamily asset class. Hawkins Cos, the landlord, secured a construction loan for $56,000,000 from Sunwest Bank. This loan will support the development of a new property in the market.

Summary of transaction details

Cushman & Wakefield represented the parties involved in the deal. Dave Karson, Chris Moyer, Paul Roeter, and Meredith Donovan served as the brokers from Cushman & Wakefield in this transaction.

Players

Chris Moyer
21 deals$3.2B volume
BROKER

Meredith Donovan
Cushman & Wakefield
18 deals$4B volume
BROKER

Dave Karson
Cushman & Wakefield
14 deals$1.5B volume
BROKER

LANDLORD

Details

FINANCED
IMAGE: Dave Karson, Chris Moyer, Paul Roeter & Meredith Donovan DATE: 02/10/2023 MARKET: Boise, Idaho ASSET TYPE: Multifamily LENDER: Sunwest Bank LANDLORD: Hawkins Cos BROKERS: Dave Karson, Chris Moyer, Paul Roeter & Meredith Donovan - Cushman & Wakefield LOAN AMOUNT: $56,000,000 LOAN TYPE: Construction

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Debt Service Coverage Ratio (DSCR)

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Max Loan Amount

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Monthly NOI$0.00
Monthly Debt Service$0.00
Change in Cash Flow$0.00
Refinance Proceeds$0.00