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June 24, 2004

HomeStreet Capital

Seattle-based HomeStreet Capital officials have provided $19.5 million in permanent financing to Weiss-Jenkins VI, LLC for the Republican Building, 501 Eastlake Ave. E., in Seattle. Tim Patrick arranged the financing. The five-story, 100,000-square-foot building was constructed in 2001, and is 95 percent occupied by several departments from the University of Washington, Howard S. Wright Construction and Pro Sports Club. Patrick said the project came on line during the collapse of the dot-com industry. Several floors had been pre-leased to a telecommunications company, which took occupancy but immediately went out of business.




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