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$31.2MM Loan Secured by Waterfront Condominium Development in Bellingham Brought to Market - The Registry
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$31.2MM Loan Secured by Waterfront Condominium Development in Bellingham Brought to Market - The Registry
A $31.2 million performing senior loan secured by a 103-unit waterfront residential condominium project located at 1025 Granary Avenue in Bellingham has been brought to market. The collateral includes three five-story buildings, with one phase completed and the remaining phases nearing delivery. Newmark, which is managing the listing, stated that the offering represents a near-term maturity loan with no remaining extension options. The loan orig…
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