Daily limit: 0/10
Harbor Custom Development Secures $19.95M Refinance Loan For Belfair View Apartments
FINANCED
$19,950,000
Washington
See Similar DealsMultiFamily
Financed 07/10/2023
FINANCED
Harbor Custom Development Secures $19.95M Refinance Loan For Belfair View Apartments
81 Northeast Ridge Point Boulevard Belfair, Washington 98528, USA
See Similar DealsMultiFamily
Financed 07/10/2023
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Loan
Harbor Custom Development, Inc has secured a $19.95 million loan from Sound Capital to refinance the initial phase of the Belfair View Apartment project in Belfair, Washington. The multifamily property consists of 126 units and is located at 81 Northeast Ridge Point Boulevard.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $19,950,000
- Address: 81 Northeast Ridge Point Boulevard
- Market: Belfair, WA
- Units: 126
- Lender: Sound Capital - Johnny Walker
- Landlord: Harbor Custom Development, Inc - Jeff Habersetzer
- Loan Type: Refinance
Harbor Custom Development, Inc, led by Jeff Habersetzer, has secured a $19.95 million loan from Sound Capital, represented by Johnny Walker, to refinance the initial phase of the Belfair View Apartment project in Belfair, Washington.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$19,950,000.00
Monthly NOI$133,000.00
Monthly Debt Service$126,097.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions