Priority Capital Advisory has successfully closed a $12 million bridge loan for Hudson West, a newly delivered 50-unit multifamily development located at 2411 Broadway Street in Vancouver, Washington.
The financing was arranged on behalf of Cascadia Development Partners to replace a maturing construction loan, providing extended financial flexibility during the property’s lease-up and stabilization phase.
“We ran a hyper-competitive lender process and executed on an aggressive timeline to deliver a non-recourse lease-up bridge loan that met our client’s business plan and protected their equity,” said Zachary Streit, Founder and President of Priority Capital Advisory.
Hudson West features a mix of 11 studios, 25 one-bedroom, and 14 two-bedroom units within a three-story building. The property is strategically located in a historic district just off Main Street and within five minutes of the $1.6 billion Vancouver Waterfront master plan.
Since launching just over a year ago, Priority Capital Advisory has closed $450 million in debt financing across 20 transactions.
