Cascadia Development Partners Secures $12 Million Bridge Loan From Kairos Investment Management For Multifamily Asset
FINANCED
$12,000,000
Washington
See Similar DealsMultiFamily51,073 SF
Financed 06/25/2025
FINANCED
Cascadia Development Partners Secures $12 Million Bridge Loan From Kairos Investment Management For Multifamily Asset
2411 Broadway Street
See Similar DealsMultiFamily51,073 SF
Financed 06/25/2025
Summary
WASHINGTON
Asset Type:MultiFamily
Price Per Square Foot:$235
Total Square Footage:51,073 SF
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located at 2411 Broadway Street in the Vancouver market. The property consists of 50 units and boasts a total square footage of 51,073. A bridge loan amounting to $12,000,000 has been secured for this asset.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,000,000
- Address: 2411 Broadway Street
- Market: Vancouver
- Units: 50
- Square Footage: 51,073
- Lender: Kairos Investment Management
- Landlord: Cascadia Development Partners
- Broker: Zack Streit - Priority Capital Advisory
- Loan Type: Bridge
The key individuals in this transaction include Zack Streit, who represents Priority Capital Advisory in the brokerage role, facilitating the deal between the lender, Kairos Investment Management, and the landlord, Cascadia Development Partners.
Players
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,000,000.00
Monthly NOI$80,000.00
Monthly Debt Service$75,848.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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