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August 5, 2022
Down in the Rainier Valley, the 25-unit Arches traded for just under $6.4 million in June, as the DJC then reported. The buyer of record at 6601 Rainier Ave. S. was the Southeast Seattle Senior Foundation (dba Brighton Development Group), which borrowed the full amount via a short-term loan from 1st Security Bank. Brighton will become the official owner via a new LLC, it says, after some minor paperwork is soon inked.
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