Norris, Beggs and Simpson Financial Services, Portland, Ore., arranged $40.2 million in three Washington state transactions.
NBS Financial Services’ has arranged a combined total of $40,226,000 in a recent string of significant transactions. The firm’s associate vice president Jeff Henderson executed all three deals.
A two-property multifamily portfolio in Washington has received $19.4 million in financing. The portfolio includes the 181-unit Westlakes Apartments in Olympia and the 110-unit Poplar Lanes Apartments in Lynnwood.
Portland residents know the city is experiencing a boom in apartment construction. However, that’s just the most visible sign of a red hot real estate market that is triggering commercial and residential construction throughout the region.
TIC – RI Pullman, L.L.C., RI Cascade, L.L.C., RI Elk Grove, L.L.C. (Rood TICs), has received a combined $52 million in acquisition financing for three, newly constructed FedEx Ground distribution centers in its need to satisfy a 1031 exchange.
Mike Wood and Austin Johnson of NBS Financial Services arranged $19.4 million in financing for two apartment complexes: the 181-unit Westlakes Apartments in Olympia and the 110-unit Poplar Lanes Apartments in Lynnwood.
Mike Wood and Austin Johnson of NBS Financial Services arranged $18 million in permanent financing for The Douglas, 81 units of student housing with 259 beds at 1223 E. Cherry St. near Seattle University.