Updated May 12, 2025
Berkadia Closes $102 Million Bridge Loan For Senior Housing Community In Vancouver Washington
2735 Northeast 134th Street & 2723 Northeast 134th Street
$102,000,000
Units
263
Asset Type
Senior Housing
Closing
Apr 9, 2025
About this deal
AI
The Park at University Village and The Inn at University Village is a senior housing asset located at 2735 Northeast 134th Street & 2723 Northeast 134th Street in Vancouver, WA. This community consists of 263 units and was involved in a bridge loan transaction amounting to $102 million.
Summary of transation details:
- Property Type: Senior Housing
- Transaction Amount: $102,000,000
- Loan Type: Bridge
- Market: Vancouver, WA
- Units: 263
Andrew Lanzaro and Jay Healy from Berkadia represented the transaction in securing the financing for this senior living community. The loan closed on April 9, 2025.
On the Map
$102,000,000
Senior Housing
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Vancouver Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93