The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
April 22, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Security Properties Lands $180 Mil in Equity and Construction Money for Seattle Mixed-Use Tower


Security Properties Inc has obtained a $65.16 mil joint venture equity investment and $115.25 mil of construction financing for The Confidential, a trophy mixed-use development located in Seattle’s Belltown submarket. The joint venture equity was provided by MetLife Investment Management and the debt was provided by Bank OZK.

Featuring 212 apartment units, The Confidential is a unique mixed-use development in one of the most dynamic residential submarkets in the country. Upon completion, the property will also include 8k sf of ground floor retail and a 17.5k sf office space. Sponsorship is also pursuing LEED Silver certification for the building.

Dave Karson, Chris Moyer, Alex Lapidus and Meredith Donovan with Cushman & Wakefield’s Equity, Debt & Structured Finance team represented Security Properties in the transaction.

“The region is still facing a significant housing shortage due to the incredible big tech job growth in area. The Confidential is going to be one of the nicest apartment buildings in the Pacific Northwest and will be a top choice for a lot of folks working in Seattle or Bellevue,” noted Karson.

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 © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media