Updated Nov 13, 2026
2405 Michael Road
2405 Michael Road
$10,865,000
Units
200
Asset Type
MultiFamily
Closing
Aug 21, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily unit, comprising a total of 200 units located at 2405 Michael Road in the Missoula market. The loan amount for this construction project is $10,865,000, facilitated by Brasa Capital Management.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,865,000
- Lender: Brasa Capital Management
- Borrower: Evermore Partners
- Broker: Zachary Streit - Priority Capital Advisory
- Loan Type: Construction
This deal involves key individuals and companies, with Zachary Streit representing Priority Capital Advisory in the capacity of the broker for Evermore Partners, the borrower in this transaction. The focus remains on the construction loan provided for the multifamily development.
On the Map
$10,865,000
MultiFamily
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Players
Missoula MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.46%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93