The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 3, 2023
 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
Seattle Apartment Complex Lands $53.5 Mil Refi


Cypress Apartments, a 237-unit, six-story, Class A, market rate apartment complex in Seattle’s Yesler Terrace community, has been refinanced with new permanent financing of $53.5 mil. The property, located at 120 Broadway, was completed in 2019 as part of the strategic Yesler public housing redevelopment, a complete transformation of a 30-acre public housing community to include 5000 new housing units for all income types – low income, affordable and market rate.

Michael Taylor and Alex Saunders with Gantry, working in conjunction with Russ Cree of Glacier Real Estate Finance, secured the financing on behalf of the borrower, a private real estate entity. The loan was presented to dozens of potential sources and ultimately the five-year, fixed rate loan was secured through a credit union that was best able to meet the borrower’s needs.

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 © 2023 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media