Priority Capital Advisory Secures $12 Million Bridge Loan for Vancouver Multifamily Development

Priority Capital Advisory has finalized a $12 million bridge loan for Hudson West, a newly completed 50-unit Class A multifamily property located at 2411 Broadway Street in Vancouver, WA. This financial arrangement was made on behalf of Cascadia Development Partners, replacing a construction loan that was nearing maturity and providing the necessary flexibility for lease-up and stabilization phases. Zachary Streit, Founder and President of Priority Capital Advisory, emphasized the importance of timing and structure in this deal, noting the successful execution of a competitive lender process to secure a non-recourse lease-up bridge loan that aligns with the client's business objectives.

Hudson West, featuring a mix of studios, one-bedroom, and two-bedroom units in a Scandinavian-contemporary design, is currently experiencing strong leasing activity. The property boasts high-end amenities and finishes, including private balconies, gourmet kitchens, and walk-in closets, alongside communal spaces like a coffee bar and secured parking. Its strategic location near Main Street and the Vancouver Waterfront masterplan offers residents access to urban lifestyle benefits without the burden of Portland's state income tax.

Scott Lindgren, Partner at Cascadia Development Partners, praised Priority Capital Advisory's performance under pressure, highlighting the critical nature of this financing for their firm. Since its inception, Priority Capital Advisory has closed $450 million in debt financing across 20 transactions, establishing a reputation for efficiency and effectiveness in securing liquidity for top-tier sponsors. For more information on Priority Capital Advisory, visit https://www.prioritycapitaladvisory.com.