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Columbia Pacific Arranges $15M Loan for Seattle Micro-Housing Development
Columbia Pacific Advisors Bridge Lending provided a $14.5-million loan for Cubix Othello, a new modular micro-housing development in Seattle being developed by NexGen Housing Partners. NexGen will use the funds to refinance existing construction debt and fund completion of the project located at 7339 43rd Avenue S. in South Seattle.
The six-story, 85-unit apartment building will overlook Othello Park and feature a mix of studio and one-bedroom units.
Columbia Pacific Advisors’ Will Nelson says, “The growing need for affordable living options within Seattle’s younger age demographic continues to drive local demand for micro-housing. NexGen is a seasoned developer with a successful track record of completing comparable projects in the market.”
NexGen has successfully completed five modular micro-housing properties in Seattle totaling 232 units.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Development


