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Peachtree Leads $63M Debt Package for Washington State Apartments

Summary by Commercial Observer

Grandview Companies has secured a $63 million financing package for the development of a multifamily development in Western Washington, Commercial Observer has learned. Peachtree Group originated a $28.3 million, 26-month first mortgage and 30-year $17 million Commercial Property Accessed Clean Energy (C-PACE) loan for the developers’ planned 280-unit Yorkshire Apartments project in Tumwater, Wash. Hickory CRE Lending also provided a $17.7 milli…

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The Registry

Yorkshire Apartments in Tumwater Secures $63MM Construction Debt Package for Mixed-Use Revised Plans - The Registry

The Yorkshire Apartments project in Tumwater, Washington has secured a significant financing package totaling $63 million to move forward with development. This major multifamily housing project has been in planning for several years and is now taking concrete steps toward reality after navigating through various approval processes with local authorities. Financing Structure Grandviews Yorkshire, LLC has successfully structured a sophisticated f…

9 days ago

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