Cushman & Wakefield acted as the exclusive financial advisor for Hawkins and its partners in securing $25.345 million in construction financing for Saltese Creek, a new 192-unit multifamily project currently under development in Spokane Valley.
The Cushman & Wakefield Equity, Debt & Structured Finance team led by Chris Moyer, Paul Roeter and Meredith Donovan represented the borrower during the transaction. The loan was provided by Bok Financial.
“We are excited to have successfully arranged financing for Saltese Creek, an exceptional residential project ideally situated to take advantage of the growing demand in Spokane Valley,” stated Chris Moyer. “With its convenient location near both urban amenities and outdoor recreation opportunities, Saltese Creek is poised to become a standout community within one of the fastest-growing submarkets in America.”
Saltese Creek will consist of six mid-rise buildings with garden-style units offering one-bedroom, two-bedroom and three-bedroom options. The property is conveniently located just 15 minutes east of downtown Spokane and only 25 minutes west of Coeur d’Alene, Idaho – making it an attractive location for residents seeking easy access to both city life and natural surroundings.
This news was originally published on Connect CRE’s website.
