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Sage Homes Northwest Secures $22.8 Million Refinance Loan For 109-Unit Multifamily In Bremerton
FINANCED
$22,800,000
Washington
See Similar DealsMultiFamily
Financed 11/05/2024
FINANCED
Sage Homes Northwest Secures $22.8 Million Refinance Loan For 109-Unit Multifamily In Bremerton
1970 Northeast Fuson Road
See Similar DealsMultiFamily
Financed 11/05/2024
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Loan
The property asset involved in the transaction is a 109-unit multifamily apartment complex located at 1970 Northeast Fuson Road in Bremerton, WA. The complex was built in May 2024 and offers private access to trails at the Illahee Preserve.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $22,800,000
- Landlord: Sage Homes Northwest
- Loan Type: Refinance
- Date: 11/05/2024
- Brokers: Connor Lemley, James Bach & Regina Wang - CBRE
CBRE secured the interest-only bridge loan for Sage Homes Northwest, positioning the firm as a key player in the refinancing of Trailhead at Preserve.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$22,800,000.00
Monthly NOI$152,000.00
Monthly Debt Service$144,111.51
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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