Updated Mar 11, 2025
Truist Bank Provides $74.6M Loan For Gig Harbor Multifamily - Ziegler Brokers
4340 Borgen Boulevard, Gig Harbor, Washington 98332, United States
$74,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 3, 2022
About this deal
AI
A multifamily property located at 4340 Borgen Blvd in Gig Harbor, WA has recently undergone a loan transaction. The transaction took place on 10/04/2022, and the loan amount was $74,600,000. The property falls under the multifamily asset category.
Summary of transaction details
- Property Type: Multifamily
- Loan Amount: $74,600,000
- Address: 4340 Borgen Blvd, Gig Harbor, WA
- Market: Gig Harbor, WA
The loan for this multifamily property was provided by Truist Bank. The brokers involved in this transaction were Ziegler.
The multifamily loan at 4340 Borgen Boulevard, Gig Harbor, Washington 98332, United States in Gig Harbor, Washington financed for $74.6M in 2022. 4340 Borgen Boulevard, Gig Harbor, Washington 98332, United States is classified as Multifamily on Traded. This page is the Gig Harbor, Washington file for the 4340 Borgen Boulevard, Gig Harbor, Washington 98332, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Gig Harbor sit in the Market section below. Filter that Gig Harbor multifamily set by closing date to see what else financed near 4340 Borgen Boulevard, Gig Harbor, Washington 98332, United States around 2022. Published consideration for 4340 Borgen Boulevard, Gig Harbor, Washington 98332, United States is $74.6M, dated 2022. Cite this Truist Bank Provides $74.6M Loan For Gig Harbor Multifamily - Ziegler Brokers loan when underwriting similar multifamily product around Gig Harbor, Washington.
Players
Gig Harbor 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93