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March 1, 2018

$20M loan for Kent apartments

Following last month's $28 million sale of the 177-unit Village at Lake Meridian in Kent, CBRE announced that it has secured a $19.78 million loan for the new owner, The Jacobson Co. of Los Angeles. CBRE's Brian Eisendrath and Brandon Smith arranged the 10-year fixed rate, 5-year interest-only loan. The funding source was not specified. David Young and Corey Marx of JLL brokered the deal last month. The 1980 complex was sold by TruAmerica Multifamily.




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