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June 23, 2005

HomeStreet Capital

HomeStreet Capital has provided $9.3 million in financing to the Pike Place Market Preservation and Development Authority for the LaSalle-Creamery project, a mixed-use building with 64 affordable apartments for low-income seniors. Eric Brown, community lending manager for HomeStreet Capital, arranged financing through HomeStreet Bank portfolio funds. This is the first major construction project in more than 15 years in the Market. It includes rehabbing the LaSalle and three other early-20th century hotels. A six-story building will be constructed on an adjacent lot that was home to a creamery. The project will have retail and a senior center.




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