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September 25, 2025

M&M lands $28M for Renton refi

In Renton, the 108-unit Sunset Terrace sold soon after completion in 2023 to an investor group associated with iCap. (That firm was also part of the original development team.) The deal was then worth about $44 million. A new refinancing package came last month, with a fresh $28 million HUD 223(f) loan sourced by Lument and Marcus & Millichap, the latter firm announced. Tammy Linden led the effort for M&M. The new money replaces a prior bridge loan secured by the same two parties for the new ownership.




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