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.
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