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12101 Northeast 116th Street

Updated Oct 13, 2026

Dwight Mortgage Capital Provides $23.6M Loan For Prairie Home Apartments In Vancouver, WA
FINANCEDMultiFamily

Dwight Mortgage Capital Provides $23.6M Loan For Prairie Home Apartments In Vancouver, WA

12101 Northeast 116th Street

$23,600,000

Units

120

Asset Type

MultiFamily

Closing

Sep 26, 2023

About this deal

AI

Dwight Mortgage Capital has provided $23.6 million in financing for the Prairie Home Apartments, a 120-unit multifamily property located at 12101 Northeast 116th Street in Vancouver, Washington. The loan was secured by the landlord, RRC Group.

Summary of transaction details

This financing deal marks the involvement of Dwight Mortgage Capital in providing a significant loan amount to support the acquisition of the Prairie Home Apartments in Vancouver, Washington. The brokers, Ken McBride and Matt McBride from McBride Capital, played a crucial role in facilitating the transaction as representatives of the landlord, RRC Group.

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$23,600,000

MultiFamily

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Players

Kenneth McBride

McBride Capital

Broker

$92.5M

vol

3 deals

Broker
RG
RRC GroupBuyer

Vancouver MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $196.7K per unit across 120 units on a published $23.6M (2023).

Visit Kenneth (Ken) McBride to view all their deals.

Browse Vancouver multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.67%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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