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CBRE Secures Nearly $116M in Financing for Vanbarton MF in Seattle
An affiliate of the Vanbarton Group received a $115.5 million loan for The Danforth, a 16-story, 265-unit apartment property in Seattle’s First Hill neighborhood. This full-term interest only loan from a European lender marks one of the lowest long-term fixed interest rate loans on record.
An affiliate of the Vanbarton Group purchased the property at 1425 Spring St. in December 2019 from the project developer, Columbia Pacific Advisors. Built in 2018, The Danforth is 96% leased and includes a 45,000-square-foot, two-level multinational organic supermarket on the ground floor, and other market-leading amenities.
CBRE Capital Markets’ Debt & Structured Finance group’s John Lo arranged the financing. Lo says, “CBRE is extremely pleased to have achieved a historically low interest rate for the Vanbarton Group. The exceptional execution was a win for the buyer and lender, providing outstanding returns and a safe haven during a volatile time.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing

