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9602 19th Avenue Southeast

Urban Standard Capital Provides $15,000,000 Construction Loan For Multifamily Conversion In Everett WA
FINANCEDMultiFamily

Urban Standard Capital Provides $15,000,000 Construction Loan For Multifamily Conversion In Everett WA

9602 19th Avenue Southeast

$15,000,000

Building Size

Asset Type

MultiFamily

Closing

Jul 22, 2026

AI

The asset involved in the transaction is a multifamily conversion located at 9602 19th Avenue Southeast in Everett, WA. The property encompasses 122 units and is backed by a loan amount of $15,000,000 designated for construction purposes.

Summary of transaction details:

The key individuals involved in the deal are Elijah Zuckerman and Charlie Brosens, who represent Urban Standard Capital in the loan process. They provide tailored financing solutions for residential projects across the nation by combining creativity with a relationship-driven approach.

Players

Urban Standard Capital
Urban Standard CapitalLender

Charlie Brosens

Urban Standard Capital

Originator

$484.4M

vol

32 deals

Originator

Everett 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

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93