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June 22, 2017

CBRE helps fund Boise apartments

The Seattle office of CBRE secured $14 million in construction financing for 5th & Idaho Apartments, an 81-unit complex under construction in Boise's historic downtown. The HUD-backed loan has an interest-only construction period of 16 months with a 40-year, non-recourse and fully amortizing permanent loan. John Taylor led the CBRE Capital Markets Debt & Structured Finance team in the effort. Seattle-based GGLO partnered with Hummel Architects of Boise to design the five-story project, which includes a pocket park.




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