Ethos Commercial Advisors successfully secured $80 million in capital for the development of Arvon Apartments, a 274-unit multifamily property in Vancouver, Washington. The financing package includes a $48 million construction loan with partial recourse and a 42-month variable rate. Ethos’ Danny Natsch and Matt Illias were able to secure this loan through a national bank at an attractive sub-300 spread over SOFR. In addition to the construction financing, Natsch and Illias also sourced $32 million in joint venture equity from a globally recognized investment firm.
The layout of Arvon Apartments features multiple buildings designed as garden-style residences, allowing for each building to be leased as it receives its certificate of occupancy. With one-, two-, and three-bedroom units averaging nearly 1,000 square feet each, these apartments offer spacious living options for residents.
This successful arrangement by Ethos Commercial Advisors showcases their expertise in securing favorable financing options for commercial developments like Arvon Apartments.
