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June 30, 2005

HomeStreet Capital

HomeStreet Capital, a single-family and multifamily real estate lender, provided a $4.73 million bridge loan to buy and renovate the Bella Vista Apartments in Bellevue. Financing was arranged by Tom Meunier through HomeStreet Bank portfolio funds. The borrower is Bella Vista Alliance Investments, LLC. The complex has three buildings built between 1968 and 1970. Two buildings house 52 one- and two-bedroom apartment units; the third building contains the leasing office, community room and saunas. Renovations will include appliance upgrades, new windows, deck and siding repair, flooring upgrades, new heating system for the pool, and landscaping.




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