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February 25, 2021

Dwight loans $55M for U Village apartments

b>Dwight Capital announced that its Josh Sasouness arranged a nearly $55 million bridge loan for the 243-unit U Place, which was completed last fall at 4609 Union Bay Place N.E., just east of University Village. The project was initially announced as condominiums in 2016, then switched its program and general contractor before breaking ground circa 2018. DLR Group was the architect for the six-story building, and Venture was the general contractor. The developer was Bellevue firm ZQH Investments. The ground-floor retail space, with 19,450 square feet, was originally to be a food hall. It's not clear who's leasing that space for ZQH.




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