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Eli Osdoba Of Harborview Ca...

Eli Osdoba Of Harborview Capital Partners Closes $9.5M Refinance Loan For Multifamily Conversion In Olympia
FINANCEDMultiFamily

Eli Osdoba Of Harborview Capital Partners Closes $9.5M Refinance Loan For Multifamily Conversion In Olympia

$9,500,000

Units

65

Asset Type

MultiFamily

Closing

Oct 30, 2025

AI

The asset involved in this transaction is a multifamily property consisting of 65 units located in Olympia. A loan amount of $9,500,000 was secured for the conversion of an office building into this multifamily asset. The financing was structured at 85% loan-to-cost with a rate of 2.75% over SOFR, and the loan features a 2-year term with extension options, providing a robust financial structure for the project.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $9,500,000
  • Loan Type: Refinance
  • Loan Terms: 2 years, 2.75% over SOFR, 85% LTC
  • Units: 65
  • Landlord's Representative: Eli Osdoba - Harborview Capital Partners

The key individual in this transaction is Eli Osdoba, who represents the landlord through Harborview Capital Partners, a firm specializing in commercial real estate finance, equity, and advisory services. Eli successfully facilitated the loan aimed at transforming the office space into a multifamily residential property, highlighting the firm's commitment to adaptive reuse projects in the Pacific Northwest.

Players

Eli Osdoba

Harborview Capital Partners

Broker

$257.4M

vol

12 deals

Broker
Harborview Capital Partners
Harborview Capital PartnersBrokerage
Washington Federal Bank (WaFd Bank)
Washington Federal Bank (WaFd Bank)Lender

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.67%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93