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December 20, 2018

$22M refi deal in Pullman

Newmark's Spokane office has secured $21.75 million in refinancing for the new 281-unit Birch Hills Apartments in Pullman, which primarily serves students at Washington State University. Demetri Koston arranged the 12-year, fixed-rate loan from an unnamed local bank; it carries a 30-year amortization schedule. The first four years of the non-recourse loan are interest-only.




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