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Seattle & Northwest  + Washington  + Finance  |  November 2, 2021
Navalia, 1118 Main St, Vancouver WA
Lisa Brown
By: Lisa Brown

Navalia Gets Go-Ahead Boost with Financing

Construction financing of $16.8 million was recently arranged for Navalia, a 73-unit mixed-use complex in downtown Vancouver, WA. The project integrates an existing structure that will be converted to 8,600 square feet of ground-floor retail.

The stretch senior construction loan was placed with a California-based debt fund. The nonrecourse debt facility featured a 30-month initial term and rate burndowns at certificate of occupancy and performance hurdles.

The debt and equity team at Ethos Commercial Advisors led by Daniel Natsch and Matt Illias originated the debt on behalf of an undisclosed borrower.

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Inside The Story

Daniel Natsch

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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  • ◦Development
  • ◦Financing
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