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June 14, 2018

Columbia Pacific provides Cincinnati loan

Columbia Pacific Advisors originated a $25 million bridge loan for Kentucky-based Blue Tide Partners, which is using the funds to acquire a nine-property, 435-unit value-add multifamily portfolio in Cincinnati. Some of the funds will refinance existing debt on nine similar properties purchased earlier. Cincinnati, like other cities, has a shortage of affordable units. Blue Tide intends to acquire 2,500 units for that market.




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