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Seattle & Northwest  + Seattle  + Apartments  |  June 16, 2026
Jasmine Kilman
By: Jasmine Kilman

IZO Capital Closes $47M Loan for Multifamily Development in Seattle

IZO Capital recently closed a $47 million stretch senior construction loan for Roosevelt Manor, a 137-unit Class A mixed-use multifamily development in Seattle’s Roosevelt neighborhood, located just steps from the Roosevelt Light Rail Station.

The financing will support the ground-up development of a transit-oriented residential community with ground-floor retail and a range of modern amenities. The site is roughly one mile from Green Lake, four blocks south of the Roosevelt light rail station, and three blocks from Interstate 5 on- and offramps.

‍The building will feature a unique interlocking twist design, offering both covered and uncovered courtyards. The project will be built with cross-laminated timber, and planned amenities include a roof deck, a dog walk area, in-unit washer and dryers and stainless steel appliances.‍ ‍

Construction is expected to start in 2025 with first move-ins scheduled for late 2026 or early 2027. The Roosevelt Manor development team includes Jenkins Properties, Euclid Development LLC, Public 47, and Sierra Construction.

Connect Texas Multifamily in Dallas on August 13 brings together the owners, developers, brokers, investors, and lenders shaping the future of Texas multifamily for a day of market intelligence, networking, and actionable insights. Join 300+ decision-makers and be part of the conversations driving the Texas multifamily market. Register today: www.ConnectTXMF2026.com.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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