CBRE has successfully secured $47 million in construction financing for Motto Apartments, a 228-unit multifamily development project located in Marysville, Washington. The financing was arranged by CBRE’s expert team of James Bach, Connor Lemley, Regina Wang and Griffin Walker on behalf of their client Intracorp Homes.
Through extensive efforts and market research, the CBRE team obtained competitive quotes for a seven-year fixed-rate construction loan with full-term interest-only payments from over 100 banks, life insurance companies and debt funds.
The funding will allow for the commencement of construction on the garden-style apartment complex which is situated just 35 miles north of Seattle. The project is expected to be completed by early 2026 and will offer modern amenities such as air-conditioned units, an outdoor pool area with fire pits and a dog park.
According to Bach: “With interest rates rising after years at historic lows…this development will not only provide much-needed housing but also contribute positively to the Marysville community.”
