Multifamily: Tri-Cities, WA

Columbia River Walk Apartments in Tri-Cities, Washington

Location

Tri-Cities, WA

Interest Rate

5.22% / 4.35%

LTV

75% of Cost

Loan Amount

$9,512,000

Loan Type

Construction to Perm.

Date

January 2020

AAI Financial facilitated the closing of a $9,512,000 construction to perm loan to finance the construction of Phase I 60-units of a Five Phase Apartment Project. We were able to use sweat equity to adhere to loan to cost requirements.