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SEATTLE — Hunt Real Estate Capital has funded a $17 million first mortgage bridge loan for the refinancing of Anew Terry Apartments, a multifamily property located in Seattle’s First Hill neighborhood. The borrower is 423 Terry Partners, an affiliate of Anew Apartments.
Built in 1911 and redeveloped between 2016 and 2018, Anew Terry Apartments features 112 units. Property amenities include a community space on each floor, digital doorman, work spaces, fitness center with yoga room, dog washing station, outdoor patio with barbecue grills and fire pit, courtyard, ground-floor lounge and bike storage with repair station.
Greg Piantanida and Ryan Heiberg of GP Realty Financing arranged the financing.