CRE Bridge in Yakima

Food and agricultural processing, plus healthcare, are the two real tenant bases here, not a downtown office market. Manufacturing carried 7,853 covered jobs countywide in 2024, and per the Yakima County Development Association's top-employer list the county's largest private employers are dominated by fruit and food companies: packing houses, cold storage, juice and beef processing among them. Healthcare is the other genuine absorber, with MultiCare Yakima Memorial at about 2,500 employees and Yakima Valley Farm Workers Clinic at about 2,518 on that same list, which the association publishes without a date. A bridge deal here is more likely to be a cold storage facility, a packing line or a clinic building than an office tower. We have no metro-level vacancy, rent or cap rate data for Yakima commercial property, so underwrite a specific deal on its own income and comparable sales, not on a published metro statistic that does not exist.

No, and do not build a military-housing thesis on it. The Yakima Training Center appears on the Yakima County Development Association's employer list at 491 employees, on a 327,000-acre installation that Yakima County shares with Kittitas County. It is a real but modest anchor, not a Fort Hood-scale post, and no BAH figure for the Yakima Training Center has been sourced to build a rent story on. Price a bridge deal near the training center on the property's own tenant base, not on assumed base-driven demand.

Yes, if the parcel is irrigated: the water right is appurtenant to the land and it needs to be underwritten like collateral, not assumed. The Yakima basin's water rights were adjudicated by a final decree on 2019-05-09 and travel with the land itself, and Sunnyside Valley Irrigation District alone serves over 94,000 acres in the lower valley. Irrigation district assessment amounts and where those assessments sit in lien priority against a deed of trust were not available in our research, so confirm both directly with the irrigation district and a title company before you price the deal.

They are real taxing bodies on the roll, and they signal where the county has organized around industrial and ag-shipping activity. Sunnyside Port District 1 and Grandview Port District 2 both levy against property in their service areas, per the county assessor's 2026 report. That is useful context for a bridge deal in the lower valley: the ports mark two of the places local economic development has concentrated industrial and food-processing infrastructure.

Yes, and it applies to the whole contract price, not just materials. A general contractor doing improvement work in Yakima County collects retail sales tax on the full invoice, labor included, at a combined rate that, for the fourth quarter of 2026, runs 8.20% to 8.60% depending on the jurisdiction: 8.60% inside the City of Yakima, 8.20% in unincorporated county, Grandview, Moxee, Zillah and Wapato. Those rates are reset every quarter. Build that into a TI budget or a repositioning scope before you draw against it, since a budget quoted net of tax will understate the draw schedule.

At least 25% of value. Max leverage is up to 75% LTV and the program runs up to $10 million. On a $2,000,000 Yakima commercial property that is up to $1,500,000 from us and $500,000 from you (2,000,000 x 75% = 1,500,000). A cash-out works off the same ceiling, less what is already against the property. There is no published metro vacancy, rent or cap rate series for Yakima, so value gets underwritten off the asset's own income and comparable sales. Subject to underwriting.

Usually yes, at lower leverage. This is an asset-based loan, so there is no minimum credit score. We do run credit, but it carries far less weight than it would at a bank, and weaker credit is normally offset with a lower advance rather than a decline. There is no hard credit pull to start. What gets underwritten is the property and the exit. Subject to underwriting.

Up to 24 to 36 months, interest-only, and the exit is the whole point. A bridge here typically carries a deal through a lease-up, a stabilization or a partner buyout while a bank underwrite catches up, then pays off from permanent financing or a sale. On an owner-user building that takeout is often an SBA loan, and those run 30 to 90 days to close, so start the takeout well before the bridge term is up. Subject to underwriting.