HEATHER RIDGE APARTMENT HOMES RECEIVES $9.1M IN FINANCING

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LYNNWOOD, WASH. – The 107-unit Heather Ridge Apartment Homes in Lynnwood has received $9.1 million in acquisition financing. The community is located at 20427 68 Ave. West, just north of Downtown Seattle. It is currently 99 percent leased. The seven-year loan carries a 4.35 percent interest rate, a 30-year amortization schedule and a 75 percent loan-to-value ratio. It was originated by Louis Weisman of Berkadia Commercial Mortgage’s Seattle office, who worked on behalf of APG Heather Ridge LLC.

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