**Kōz Development Secures Financing for 169-Unit Multifamily Project in Downtown Everett**
Kōz Development has secured $28.3 million in construction financing and an additional $15.8 million in equity to support the development of its latest multifamily project, Kōz on Wetmore. This new ground-up construction will bring 169 mixed-income apartment units to downtown Everett, located approximately 30 miles north of Seattle.
Currently under construction by Kirtley-Cole Associates, the project is slated for completion in 2026. Kōz on Wetmore marks the company’s 29th multifamily development. The woman-led firm has built a strong portfolio of over 4,000 apartment units throughout the Pacific Northwest.
Investment advisory services for the financing were provided by Cushman & Wakefield’s Equity, Debt & Structured Finance team, including Chris Moyer, Dave Karson, and Chris Meloni. The construction loan was issued by Coastal Community Bank.
Located at 2609 Wetmore Avenue, the development will feature a variety of unit layouts, including 144 studios, 15 one-bedroom units, and 10 two-bedroom units, with a focus on accessible housing solutions for a diverse range of income levels.
