Seattle & Northwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Seattle & Northwest  + Pacific Northwest  + Apartments  | 

125-Unit Multifamily Set for Construction in Camas

Just across the river from northwest Portland, Camus, Wash., is getting a new skyscraper. Walker & Dunlop has arranged a $31.375 million construction loan for The Casey, a 125-unit, four-story luxury, multifamily property to be built.

According to a news release: 

The project is a few minutes’ drive east of the rapidly developing 192nd Avenue Corridor, which is home to a variety of restaurants, retail, and services. Construction is underway by general contractor, Tapani Inc., and will be completed in April 2023.

The Casey sits on a 10-acre, nature-bound site that includes a wetland and more. The units will include one- and two-bedroom digs that range from 588 to 1,720 square feet.

Eric McGlynn, a Managing Director of Walker & Dunlop’s Capital Markets team, facilitated the transaction between the developer, Sansano Capital LLC, and the lender, an affiliate of Sculptor Real Estate based in New York City.

Connect

Inside The Story

Walker and Dunlop

About Jason Middleton

  • ◦Development
New call-to-action
New call-to-action