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June 23, 2016

HomeStreet Bank closes $66M loan

HomeStreet Bank Commercial Real Estate said it has provided a $66.13 million loan for Spruce Apartments in West Seattle. The developer is Madison Development Group. Financing was arranged by HomeStreet Bank Vice President Katie Plett. The 216-unit complex has 42,000 square feet of retail and opened in 2015. HomeStreet Bank arranged a 10-year, fixed-rate Fannie Mae DUS permanent loan to refinance Spruce Apartments and LA Fitness.




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