Ethos Commercial Advisors Arranges Construction Financing for Vancouver MF

Ethos Commercial Advisors secured construction financing for Ellison Ridge, a 222-unit, 200,000-square-foot multifamily development in Vancouver, Washington. The project is located near downtown Vancouver, an area experiencing strong year-over-year rent growth and sustained inbound migration.

The development will include nine residential buildings ranging from two to three stories, along with a single-story clubhouse. Ellison Ridge will feature an amenity package, including a fitness room, sauna, outdoor pool and hot tub, pickleball and bocci courts, and a playground. Construction is scheduled over 22 months and began in December 2025.

Daniel Natsch and Matthew Illias of Ethos Commercial Advisors originated a 42-month construction loan with two one-year extension options from a national bank. The financing process was competitive, with multiple banks and debt funds submitting offers. The sponsor also partnered with a national equity group through a joint venture structure.

Nominate Commercial Real Estate’s Leading Investment Sales and Leasing Brokers — For the ninth year in a row, Connect CRE will spotlight the industry’s top brokers based on the past year’s achievements. Click here to submit your nominations.