Peak Asset Management

BRRRR-alert!!!!! Just put another one in the stabilized column with the closing of our cash-out refi.

We bought this 15k SF Portland retail building at the end of 2020. It took a ton of work to unlock the value, but numbers like these speak for themselves.

Cost Basis: $1.3m
Stabilized Loan: $1.7m
Appraised Value: $3.7m

A big thanks to Gesa Credit Union on the refi ex*****on, Northwest Private Lending on the super-tough acquisition loan/free collateral release, our equity/operating partners to get this capitalized and over the finish line, and the Peak Asset Management Asset/Property Management team for the tireless effort (Cannon St Peter, Wyatt Uc-sipler)

We’ll celebrate tonight and get back to hunting the next one tomorrow. Already have a few good ones in the crosshairs…