Bay Point Advisors Closes $12.5M Acquisition Loan for Riverfront Redevelopment Site in Vancouver, Washington | Business

By Editor Last updated Nov 24, 2021

ATLANTA – (BUSINESS WIRE) – Nov. November 2021–

Bay Level Advisors, LLC has granted Renaissance Boardwalk Ventures, LLC a $ 12.5 million mortgage to buy 5 tons at 101-111 SE Columbia Manner in Vancouver, Washington. The 1.5-acre web site is adjoining to Interstate 5 and the Columbia River, instantly throughout from Portland, OR, and has an current tenant, Who Music & Larry’s Restaurant and Cantina. The property has been below contract since 2018 and was bought for $ 14.55 million.

Sponsor Kirkland Growth, owned by Dean & Kristin Kirkland, has offered plans to the town for a four-building, mixed-use growth, together with an eight-story residential complicated with 205,000 sq. ft and 122,000 sq. ft of retail area. There shall be an underground automobile park with 400-500 parking areas, the buildings shall be LEED Gold licensed and Kirkland will restore and increase a dilapidated boardwalk that connects the positioning to the Lewis & Clark Path. “The world on the east facet of the bridge is the very first thing you see when coming into Vancouver from the south. It is an iconic place, ”stated Dean Kirkland.

“We’re excited to see this venture getting underway,” stated Mitchell Dagley of Bay Level Advisors. “Vancouver is a quick rising metropolis and Kirkland has recognized a extremely seen location. We’re assured that, given their observe report locally, the event shall be successful.

About Bay Level Advisors

Based in 2012, Bay Level Advisors LLC is a privately held firm primarily based in Atlanta, Georgia that focuses on personalized, safe mortgage options for actual property and different industries together with leisure, aviation and pure sources. Since its inception, Bay Level Advisors has supplied over $ 1 billion in privately negotiated loans. Extra info is out there at www.baypointadvisors.com.

View supply model on businesswire.com: https: //www.businesswire.com/information/dwelling/20211123005813/en/

CONTACT: Bay Level Advisor

Mitchell Dagley

404.542.2945

mitchelldagley@baypointadvisors.com

KEYWORD: WASHINGTON GEORGIA UNITED STATES NORTH AMERICA

SECTOR KEYWORD: PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES RESIDENTIAL CONSTRUCTION & REAL ESTATE COMMERCIAL CONSTRUCTION & REAL ESTATE FINANCING CONSTRUCTION & REAL ESTATE URBAN PLANNING

SOURCE: Bay Level Advisors, LLC

PUB: 11/23/2021 8:15 a.m. / DISC: 11/23/2021 8:17 a.m.

http://www.businesswire.com/information/dwelling/20211123005813/de

[ad_2]