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

ATLANTA–(BUSINESS WIRE) – Bay Level Advisors, LLC has granted Renaissance Boardwalk Ventures, LLC a $ 12.5 million mortgage to buy 5 heaps at 101-111 SE Columbia Means 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 Track & Larry’s Restaurant and Cantina. The property has been beneath contract since 2018 and was bought for $ 14.55 million.

Sponsor Kirkland Growth, owned by Dean & Kristin Kirkland, has introduced plans to town for a four-building, mixed-use improvement, together with an eight-story residential complicated with 205,000 sq. toes and 122,000 sq. toes of retail house. There will likely be an underground automotive park with 400-500 parking areas, the buildings will likely be LEED Gold licensed and Kirkland will restore and broaden a dilapidated boardwalk that connects the positioning to the Lewis & Clark Path. “The realm on the east aspect of the bridge is the very first thing you see when getting into Vancouver from the south. It is an iconic place, ”mentioned Dean Kirkland.

“We’re excited to see this challenge getting underway,” mentioned 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 in the neighborhood, the event will likely be a hit.

About Bay Level Advisors

Based in 2012, Bay Level Advisors LLC is a privately held firm based mostly in Atlanta, Georgia that makes a speciality of personalized, safe mortgage options for actual property and different industries together with leisure, aviation and pure assets. Since its inception, Bay Level Advisors has offered over $ 1 billion in privately negotiated loans. Extra data is out there at www.baypointadvisors.com.

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