Updated Oct 28, 2024
Broadmark Realty Capital Inc Provides $9.96M Mezzanine Loan For Retail Property At 1175 NW Gilman Blvd In Issaquah, WA
1175 Northwest Gilman Boulevard, Issaquah, Washington 98027, United States
$9,960,000
$57/SF
Building Size
172,978 SF
Asset Type
Retail
Closing
Sep 19, 2022
About this deal
AI
The retail property located at 1175 NW Gilman Blvd in Issaquah, WA has recently undergone a loan transaction. The property spans an impressive 172,978 square feet and is situated on 15.6 acres of land.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $9,960,000
- Market: Issaquah, WA
- Lender: Broadmark Realty Capital Inc - Brian P. Ward
- Loan Type: Mezzanine Loan
The loan was provided by Broadmark Realty Capital Inc, with Brian P. Ward serving as the lender's representative. The loan amount for this transaction reached $9,960,000.
Players
Issaquah Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93