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Priority Capital Advisory Closes $12M Loan for MF Project in Vancouver

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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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.