Updated Oct 28, 2024
The Management Group, Inc Refinances Multifamily Properties In Vancouver & Camas, WA For $11M
Vancouver, Washington, United States
$11,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 16, 2022
About this deal
AI
The property involved in this transaction is a multifamily asset located at 16119 SE 1st St in Vancouver, WA and 3003 NE 3rd Ave in Camas, WA. The loan was provided by Newpoint Real Estate Capital, LLC to refinance the property. The loan amount for this transaction was $11,000,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $11,000,000
- Lender: Newpoint Real Estate Capital, LLC - Jay Blasberg & Jarett Blasberg
- Landlord: The Management Group, Inc
- Address: 16119 SE 1st St & 3003 NE 3rd Ave
- Market: Vancouver & Camas, WA
The loan was provided by Newpoint Real Estate Capital, LLC, with Jay Blasberg & Jarett Blasberg representing the lender. The landlord for this property is The Management Group, Inc.
Players
Vancouver MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93