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395 Southwest Bluff Drive

Ethos Commercial Advisors Secures $6.1 Million Loan For Bluff Street Office In Bend Oregon
FINANCEDOffice

Ethos Commercial Advisors Secures $6.1 Million Loan For Bluff Street Office In Bend Oregon

395 Southwest Bluff Drive

$6,100,000

$210/SF

Building Size

29,000 SF

Asset Type

Office

Closing

Nov 19, 2024

AI

The property at 395 Southwest Bluff Drive in Bend, OR, is an office asset with a total square footage of 29,000. It is fully leased and has secured acquisition financing of $6.1 million through a regional credit union. The financial structure of the acquisition includes a 10-year fixed-rate loan.

Summary of transaction details:

Ethos Commercial Advisors played a crucial role in securing the acquisition financing for the office property in Bend's Old Mill District. The transaction highlights the involvement of brokers Daniel Natsch and Matthew Illias, who represented the interests of the deal effectively.

Players

Daniel Natsch

Ethos Commercial Advisors

Broker

$60.6M

vol

4 deals

Broker

Bend Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.60%

Cash-on-Cash

-0.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93