FINANCEDMixed-use
Sound West Group Refinances Marina Square With $79M Loan From TPG Real Estate
280 Washington Avenue
$79,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Feb 12, 2024
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
Players
Bremerton Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
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