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.