Priority Capital Advisory has closed a $12 million bridge loan for Hudson West, a newly delivered 50-unit multifamily property located at 2411 Broadway Street in Vancouver, Washington.
The financing was arranged on behalf of Cascadia Development Partners, replacing a maturing construction loan, extending financial flexibility through lease-up and stabilization. “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 consists of 11 studios, 25 one-bedrooms, and 14 two-bedrooms in a three-story building. The project is strategically located in a historic district just off Main Street and five minutes from the $1.6 billion Vancouver Waterfront master plan. Priority Capital Advisory has closed $450 million in debt financing across 20 transactions since launching just over a year ago.
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