Subscribe / Renew |
|
Contact Us |
|
► Subscribe to our Free Weekly Newsletter |
home | Welcome, sign in or click here to subscribe. | login |
print email to a friend reprints add to mydjc |
September 29, 2022
American Capital Group completed the 239-unit Kinect @ Lynnwood last December. A sister company began building the project about two years ago; it replaced a former Hertz property near the future Lynnwood City Center Station. The apartments now benefit from a $61.3 million refinancing package secured by Dave Karson, Chris Moyer, Alex Lapidus and Chris Meloni of Cushman & Wakefield and Michael Zampetti of Greystone, the two firms announced. The Fannie Mae loan carries a 10-year, fixed-rate term, with full-term interest only. Moyer said in a statement, “Leasing activity remains robust with low vacancy rates throughout the entire Puget Sound region.” ACG's partner in the project, and others, is Canyon Partners Real Estate.