Updated Dec 4, 2024
Sound West Group Refinances Marina Square With $79M Loan From TPG Real Estate
280 Washington Avenue
$79,000,000
Units
270
Asset Type
Mixed-use
Closing
Feb 12, 2024
About this deal
AI
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $79,000,000
- Units: 270
- Address: 280 Washington Avenue, Bremerton, WA
- Market: Bremerton, WA
- Lender: TPG Real Estate Credit
- Landlord: Wes Larson - Sound West Group
- Brokers: Seth Heikkila, Steve Petrie & Tom Wilson - JLL
The mixed use loan at 280 Washington Avenue in Bremerton, Washington financed for $79M in 2024. Reported inventory is 270 units across 270 units. Tom Wilson, Seth Heikkila, Steve Petrie, JLL appear on the loan alongside JLL. This page is the Bremerton, Washington file for the 280 Washington Avenue mixed use financed: pricing, party profiles, and other closed mixed use comps from the same Bremerton sit in the Market section below. Filter that Bremerton mixed use set by closing date to see what else financed near 280 Washington Avenue around 2024. Published consideration for 280 Washington Avenue is $79M, dated 2024. Cite this Sound West Group Refinances Marina Square With $79M Loan From TPG Real Estate loan when underwriting similar mixed use product around Bremerton, Washington.
Players
Bremerton Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93