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September 22, 2021
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Pacific Partners Residential Secures $40 Mil in Construction Money for Two Res Developments

9/10/21

Pacific Partners Residential, an Idaho-based multifamily development firm, has obtained $39.65 mil in construction financing for the development of Redpoint Apartments, a 192-unit market-rate multifamily community in Redmond, OR and Meritage West, an 83-unit market-rate multifamily community in Boise, ID.

Located at 1329 SW Pumice Ave, Redpoint will be comprised of 16 apartment buildings, four townhome buildings and one clubhouse on a 10.54-acre lot. The 193k sf property will have a mix of one-, two- and three-bedroom apartments, as well as two-bedroom townhome units.

Meritage West is located at 13450 W. Baldcypress St, adjacent to one of Boise’s most prominent shopping centers, The Village at Meridian. The 67.8k sf, four-story building will be constructed on a 2.43-acre lot. The unit mix will consist of studio, one-, two- and three-bedroom apartments.

Amenities at each project include a resort-style outdoor pool and spa, clubhouse with lounge areas, game room, fitness center, secure parcel room and pet spa. Redpoint will also feature a dog park, playground and bocce ball courts. Construction has commenced on both properties.

Bruce Francis, Doug Birrell, Shaun Moothart, and Bob Ybarra of CBRE arranged the loans on behalf of the developer.




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