Ethos Commercial Advisors Arranges $80M Capital Stack for Vancouver MF
Ethos Commercial Advisors has structured $48 million of construction financing and $32 million of joint venture equity for Arvon Apartments, an expansive 274-unit multifamily property located in Vancouver, Washington.
Ethos’ Danny Natsch and Matt Illias placed the $48 million partial recourse construction loan with a national bank. This 42-month variable rate loan package features a sub-300 spread over SOFR with a 25 percent recourse obligation to the guarantors. Additionally, Natsch and Illias sourced $32 million in joint venture equity with a globally recognized investment firm.
The multi-building development’s garden-style layout allows the sponsor to lease each building as it receives a certificate of occupancy. The Arvon Apartments offer a mix of one-, two-, and three-bedroom residences averaging nearly 1,000 square feet.
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.