$2M Acquisition loan in Burlington, WA
Project Description
Broadmark Realty Capital recently provided financing for the acquisition of land to develop a 140-unit multifamily community in downtown Burlington, Washington. The project will consist of 140 rentable units: 58 studios, 71 one-bed units, 8 two-bed units, and 3 three-bed units. The main floor will include 12,500 square feet of premium retail space.
The property is located near the intersection of Highway 20, Interstate 5, and Burlington Boulevard. This will allow residents to easily access The Outlet Shoppes at Burlington, which includes stores such as Fred Meyer, Costco, Best Buy, and many other retailers and grocers.
Loan Details
Burlington, WA
September 2020
$2,000,000
Contact Information
Thatcher Milholland, Washington
Douglas Swafford, Oregon & SW Washington
Mike Incrocci, Western Region
Bryan Graf, (NMLS ID 1438299), Western Region
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