Hurley Development Secures $24 Million Bridge Loan For Skyview Station Retail Property In Vancouver
14007 Northeast 10th Avenue
$24,000,000
$3,116/SF
Building Size
7,700 SF
Asset Type
Retail
Closing
Nov 6, 2024
AI
A retail property located at 14007 Northeast 10th Avenue in Vancouver, WA, comprised of 7,700 square feet, has been part of a recent financial transaction. A bridge loan of $24 million was secured for this asset.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $24,000,000
- Asset Size: 7,700 SF
- Landlord: Hurley Development
- Brokers: Daniel Natsch & Matthew Illias - Ethos Commercial Advisors
- Loan Type: Bridge
- Date: 11/06/2024
Ethos Commercial Advisors played a key role in securing the financing for the transaction, representing Hurley Development, the borrower in this deal. The financing was specifically intended for the Skyview Station property in north Vancouver.
Players
Vancouver 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93