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:
- Property Type: Multifamily Conversion
- Transaction Amount: $15,000,000
- Lender: Urban Standard Capital
- Loan Originator: Elijah Zuckerman & Charlie Brosens - Urban Standard Capital
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
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