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Seattle & Northwest  + Washington  + Finance  |  July 14, 2021
Green River Village
Lisa Brown
By: Lisa Brown

Green River Gets Loan Modification for Repositioning

Green River Village is a compilation of 146 units built between 1971 and 1976 in Auburn, WA. In 2019, Institutional Property Advisors placed a $17.9 million bridge loan to complete property renovations.

Green River was recently refinanced for approximately $24 million. The new loan arranged by IPA Capital Markets was a loan modification, allowing the investors to capitalize on the repositioning of the property. The refinancing was arranged with a local commercial bank and negotiated by Ray Allen and Seth Heikkila in the Seattle office of Marcus & Millichap. 

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Inside The Story

Ray Allen

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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