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1555 Northeast Merman Drive

Chris Dornin Of Dornin Investment Group Secures $13,720,000 Refinance Loan For Student Housing In Pullman
FINANCEDStudent Housing

Chris Dornin Of Dornin Investment Group Secures $13,720,000 Refinance Loan For Student Housing In Pullman

1555 Northeast Merman Drive

$13,720,000

$187/SF

Building Size

73,250 SF

Asset Type

Student Housing

Closing

Jun 8, 2026

AI

The property asset involved in this transaction is student housing located at 1555 Northeast Merman Drive, Pullman, WA, encompassing a total square footage of 73,250. The loan amount associated with the refinance of this asset is $13,720,000.

Summary of transation details:

Rob Brauchli represents Genesis Capital as the lender for this refinance transaction, while Chris Dornin represents Dornin Investment Group as the landlord. The brokerage team involved includes James Murad, Michael Winter, and Adam Hakim from Ripco, who facilitated the transaction.

Players

James Murad

Ripco

Broker

$3B

vol

63 deals

Broker
Genesis Capital
Genesis CapitalLender

Pullman Student Housing Market Snapshot

Boundary boundary · Student Housing · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.16%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93