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6/08/15
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Newmark Realty Capital Inc has arranged $6.1 mil in acquisition financing for two multi-family properties totaling 148 units located in Spokane, WA.
One of the properties is Chateaux Apartments, located near downtown, Riverside Park, and Gonzaga University. The other is Randolph Arms, adjacent to Spokane Community College Both properties have unique history; Chateaux was built at the time of Expo ’74, while Randolph was converted from a military housing facility many years ago.
Newmark’s Demetri Koston arranged the two non-recourse loans. The loans were placed with one of Newmark’s correspondent lending relationships.
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