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:
- Property Type: Student Housing
- Transaction Amount: $13,720,000
- Lender: Rob Brauchli - Genesis Capital
- Landlord: Chris Dornin - Dornin Investment Group
- Brokers: James Murad, Michael Winter & Adam Hakim - Ripco
- Date of Transaction: 6/9/2026
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
Pullman Student Housing Market Snapshot
Boundary boundary · Student Housing · Loan transactions
Loading comparables…
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