Updated Sep 17, 2026
Timberlane Partners Secures $27M Loan From Mesa West Capital For Vista Ridge Acquisition
201 Mountain Park Boulevard Southwest
$27,000,000
Units
91
Asset Type
MultiFamily
Closing
Sep 16, 2026
About this deal
AI
The property asset involved in this transaction is Vista Ridge, a 91-unit garden-style apartment complex located at 201 Mountain Park Boulevard Southwest, Issaquah, WA. The total acquisition and renovation price for this asset is $37,000,000, while the loan amount secured for the financing is $27,000,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $37,000,000
- Loan Amount: $27,000,000
- Lender: Mesa West Capital
- Landlord: Timberlane Partners
- Loan Originators: Josh Westerberg & JJ McMahon - Mesa West Capital
- Date: 09/16/2026
Timberlane Partners is responsible for the acquisition of Vista Ridge and secured the financing through Mesa West Capital. The loan was issued specifically for the purpose of acquiring and renovating the apartment complex in the Issaquah market.
Players
Issaquah MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93