Deal: Jupiter Apartments

Location: Capitol Hill, WA

Collateral: A three-story, 20 unit apartment building.

Amount: $2,502,000

Type: Perm, Acquisition Financing

Purpose: The client wanted to diversify their portfolio of single family residential real estate holdings by acquiring a multifamily property. Once they identified the subject property, we were able to provide them with an acquisition loan at a great rate through one of our agency connections.