homeWelcome, sign in or click here to subscribe.login
     


 

 

Real Estate


print  email to a friend  reprints add to mydjc  

October 16, 2025

Colliers finds $33M for Ballard duo

As the DJC reported in April, Saratoga Capital then started on two facing Ballard apartment projects, east (pictured) and west, totaling about 124 units. GGLO is the architect and W.G. Clark the builder. Last month Colliers announced that it had arranged a $33 million construction loan for what are now dubbed The Pacific and The Cascades. Banner Bank was the lender, with the note carrying an initial three-year term. Colliers' Mark Plenge led the financing effort, and said in a statement, “So many ground-up new construction developments in the past two years have just not penciled out, but in this case Colliers Mortgage was able to negotiate the most favorable and lowest-cost terms from Banner Bank to enable this project to sensibly move forward.” Completion is expected in 2027.




Email or user name:
Password:
 
Forgot password? Click here.