Broadstone Claro

Overview

Deal Type Commercial Lending
Size $43 Million
First Mortgage Loan

Summary

The transaction includes a $43,061,000 ($241,916/unit) non-recourse, first mortgage loan secured by a 178-unit, mid-rise apartment complex known as Broadstone Claro in Vancouver, Washington. Built in 2023, the property is composed of a seven-story apartment building situated on an 0.897-acre tract of land. The subject includes 20% affordable units (36 units) under an affordable housing program at 100% of the area median income rents. The proposed loan will be used to refinance the existing debt. The loan is structured with a seven-year term, and subsequent to a three-year interest-only period, amortizes on a 420-month schedule.

Recent Deals

March 2025

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$1 Billion

Convertible Senior Notes due 2030

Co-Manager

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March 2025

sandbrook capital

acquired

intellirent

Senior Secured Credit Facilities

Sole Lead Arranger
Administrative Agent

intellirent
March 2025

imagefirst

a portfolio company of

caleracapital

$625 Million

Senior Secured Credit Facilities

Joint Lead Arranger
Joint Bookrunner

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March 2025

terra vet

has received an entity-level preferred equity investment from

sculptor

Sole Placement Agent

terravet-reit-inc

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