Cushman & Wakefield has advised Hawkins Companies in the procurement of $56 million in construction financing for the development of Canyon Ridge, a 287-unit multifamily complex in Boise, ID. The lender is Sunwest Bank.

“Investors and lenders still want exposure to real estate and will trust their capital with strong sponsors who can work through challenging environments and create successful projects,” said Cushman & Wakefield’s Dave Karson regarding Hawkins Companies. Karson represented the borrower along with the firm’s Chris Moyer, Paul Roeter and Meredith Donovan.

Canyon Ridge, scheduled for completion in May 2025, will consist of five wood-framed buildings surrounding a resort-style pool, dog park, two playgrounds and a 6,000-square-foot clubhouse. The community’s amenity center includes a fitness center and coworking lab.

The development is in proximity to a sports complex, a retail center, the headquarters of a leading semiconductor company and just six miles from the core of Boise’s business district.