FAQ: Priority Capital Advisory's $12 Million Bridge Loan for Hudson West Multifamily Project

What is the significance of the $12 million bridge loan closed by Priority Capital Advisory?

The $12 million bridge loan is significant as it provides financial flexibility for the Hudson West multifamily property during its lease-up and stabilization phase, replacing a maturing construction loan and protecting the client’s equity.

Who arranged the financing for Hudson West?

Priority Capital Advisory arranged the financing on behalf of Cascadia Development Partners, showcasing their ability to deliver competitive and structured financial solutions.

What makes Hudson West attractive to renters?

Hudson West offers high-end finishes, private balconies, gourmet kitchens, and amenities like a coffee bar and common areas, located in a historic district near the Vancouver Waterfront masterplan, avoiding Portland’s state income tax.

How does Priority Capital Advisory differentiate itself in the market?

Priority Capital Advisory is known for hustling harder, moving faster, and unlocking liquidity for top-tier sponsors with highly structured and innovative finance solutions, having closed $450 million in debt financing across 20 transactions in just over a year.

What types of properties does Priority Capital Advisory focus on?

Priority Capital Advisory focuses on arranging finance solutions for middle market and institutional commercial real estate sponsors and investors, with transactions typically ranging from $30 million to $200 million across all property types.

Who is Cascadia Development Partners?

Cascadia Development Partners is a full-service commercial real estate development company with nearly 100 years of combined experience, focusing on creating sustainable projects that enhance community livability and vibrancy.

Where is Hudson West located?

Hudson West is located at 2411 Broadway Street in Vancouver, WA, in a charming historic district just off Main Street and five minutes from the Vancouver Waterfront masterplan.

What was the role of Zachary Streit in this transaction?

Zachary Streit, Founder and President of Priority Capital Advisory, led a hyper-competitive lender process to secure a non-recourse lease-up bridge loan for Hudson West, demonstrating precision and firepower in closing the deal.

How can I learn more about Priority Capital Advisory?

For more information about Priority Capital Advisory, visit their website at www.prioritycapitaladvisory.com.

What are the key features of Hudson West?

Hudson West features 50 units including studios, one-bedrooms, and two-bedrooms in a Scandinavian-contemporary three-story building, with amenities like private balconies, gourmet kitchens, walk-in closets, and secured parking spaces.