The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
September 24, 2018
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Newmark Arranges $25 Mil on Recently Completed Residential Property in Seattle

3/27/18

Newmark has secured $25.5 mil in financing for 1111 East Olive Apartments, an 80-unit residential property in Seattle, WA. Newmark’s Michael Taylor and Patrick Taylor arranged the 15-year term financing through Aegon Real Assets US.

Meriwether Partners developed the project for the long-time land owners, which includes ground floor retail. The apartments are situated on floors two through six, which includes a rooftop deck, conference room, gym, secured bicycle storage, and parking for 69 vehicles. The ground floor retail will include a corner coffee shop, and the new home of the Richard Hugo House, a non-profit center for supporting writers.

“The developer was looking to take advantage of the interest rate environment and lock up the permanent financing to take out their construction loan.” said Mike Taylor of Newmark. “Aegon Real Assets US was able to accommodate that request at very attractive loan terms and fund the loan as soon as the property received its Certificate of Occupancy, before any significant leasing had occurred.”





Return to the Archive page
 
 


 
 
 





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2018 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media